US Bancorp DE Has $74,000 Holdings in Brookfield Infrastructure Co. $BIPC

US Bancorp DE reduced its holdings in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 12.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,033 shares of the company’s stock after selling 284 shares during the period. US Bancorp DE’s holdings in Brookfield Infrastructure were worth $74,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BIPC. First PREMIER Bank bought a new position in shares of Brookfield Infrastructure during the 1st quarter worth approximately $30,000. Trust Co. of Vermont purchased a new stake in shares of Brookfield Infrastructure during the 1st quarter worth approximately $34,000. First Horizon Advisors Inc. increased its stake in shares of Brookfield Infrastructure by 104.1% during the 1st quarter. First Horizon Advisors Inc. now owns 1,198 shares of the company’s stock worth $43,000 after purchasing an additional 611 shares during the last quarter. Transce3nd LLC purchased a new stake in shares of Brookfield Infrastructure during the 4th quarter worth approximately $46,000. Finally, Fifth Third Bancorp increased its stake in shares of Brookfield Infrastructure by 79.1% during the 1st quarter. Fifth Third Bancorp now owns 1,501 shares of the company’s stock worth $54,000 after purchasing an additional 663 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Trading Up 0.3%

Brookfield Infrastructure stock opened at $38.83 on Tuesday. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $45.29. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 26.97 and a beta of 1.39. The firm has a 50 day simple moving average of $40.95 and a 200 day simple moving average of $39.11.

Brookfield Infrastructure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Infrastructure’s payout ratio is currently 119.44%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Brookfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Saturday.

Brookfield Infrastructure Profile

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.