Goldman Sachs Group Inc. Has $19.52 Million Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Goldman Sachs Group Inc. trimmed its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 22.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 553,314 shares of the company’s stock after selling 159,065 shares during the period. Goldman Sachs Group Inc. owned approximately 0.42% of Brookfield Infrastructure worth $19,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Brookfield Infrastructure by 22.9% during the third quarter. Vanguard Group Inc. now owns 4,888,336 shares of the company’s stock valued at $172,754,000 after buying an additional 911,454 shares during the period. Dimensional Fund Advisors LP grew its stake in Brookfield Infrastructure by 2,147.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,617,613 shares of the company’s stock valued at $127,629,000 after purchasing an additional 3,456,621 shares in the last quarter. Royal Bank of Canada grew its stake in Brookfield Infrastructure by 6.9% in the third quarter. Royal Bank of Canada now owns 2,980,004 shares of the company’s stock valued at $105,313,000 after purchasing an additional 193,611 shares in the last quarter. Principal Financial Group Inc. grew its stake in Brookfield Infrastructure by 21.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,482,207 shares of the company’s stock valued at $87,572,000 after purchasing an additional 445,466 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in Brookfield Infrastructure by 6.9% in the fourth quarter. Brown Advisory Inc. now owns 2,272,500 shares of the company’s stock valued at $80,174,000 after purchasing an additional 145,879 shares in the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Shares of NASDAQ BIPC opened at $33.38 on Thursday. The business’s 50-day moving average price is $33.54 and its two-hundred day moving average price is $34.27. Brookfield Infrastructure Co. has a one year low of $25.48 and a one year high of $47.44. The company has a market capitalization of $4.41 billion, a P/E ratio of 23.18 and a beta of 1.45.

Brookfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a yield of 4.85%. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 112.50%.

Brookfield Infrastructure Company 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.