US Bancorp DE Sells 574 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

US Bancorp DE lowered its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,317 shares of the company’s stock after selling 574 shares during the period. US Bancorp DE’s holdings in Brookfield Infrastructure were worth $93,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BIPC. Allworth Financial LP lifted its stake in shares of Brookfield Infrastructure by 42.9% in the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock valued at $55,000 after acquiring an additional 396 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Brookfield Infrastructure by 6.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after acquiring an additional 312 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Brookfield Infrastructure in the 3rd quarter valued at about $204,000. MML Investors Services LLC bought a new stake in shares of Brookfield Infrastructure in the 3rd quarter valued at about $211,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Brookfield Infrastructure in the 3rd quarter valued at about $213,000. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 1.6 %

NASDAQ BIPC opened at $34.78 on Monday. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29. The stock has a 50-day moving average of $40.16 and a 200-day moving average of $41.25. The firm has a market cap of $4.14 billion, a PE ratio of 24.15 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s payout ratio is 119.44%.

About Brookfield Infrastructure

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.