Wulff Hansen & CO. Sells 4,480 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Wulff Hansen & CO. decreased its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 32.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,141 shares of the company’s stock after selling 4,480 shares during the period. Wulff Hansen & CO.’s holdings in Brookfield Infrastructure were worth $308,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of Nova Scotia lifted its holdings in shares of Brookfield Infrastructure by 29.4% during the 4th quarter. Bank of Nova Scotia now owns 201,613 shares of the company’s stock valued at $7,112,000 after buying an additional 45,757 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Brookfield Infrastructure by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock valued at $729,000 after purchasing an additional 16,132 shares during the period. Hsbc Holdings PLC increased its position in shares of Brookfield Infrastructure by 379.6% during the 4th quarter. Hsbc Holdings PLC now owns 41,707 shares of the company’s stock valued at $1,468,000 after purchasing an additional 33,010 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in shares of Brookfield Infrastructure in the 1st quarter worth approximately $996,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Brookfield Infrastructure by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 4,987,918 shares of the company’s stock worth $175,974,000 after buying an additional 99,582 shares during the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 0.3 %

Shares of BIPC stock opened at $42.33 on Tuesday. The company has a 50 day simple moving average of $39.34 and a two-hundred day simple moving average of $35.67. The stock has a market cap of $5.59 billion, a P/E ratio of 29.40 and a beta of 1.44. Brookfield Infrastructure Co. has a 12 month low of $25.48 and a 12 month high of $42.78.

Brookfield Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a $0.405 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a yield of 3.83%. Brookfield Infrastructure’s dividend payout ratio is currently 112.50%.

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.