EverSource Wealth Advisors LLC Sells 1,982 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

EverSource Wealth Advisors LLC lowered its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 74.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 681 shares of the company’s stock after selling 1,982 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Brookfield Infrastructure were worth $27,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BIPC. HighTower Advisors LLC raised its position in Brookfield Infrastructure by 1,684.0% in the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock worth $29,671,000 after purchasing an additional 700,108 shares during the period. Carmel Capital Partners LLC raised its holdings in shares of Brookfield Infrastructure by 5.2% in the fourth quarter. Carmel Capital Partners LLC now owns 33,007 shares of the company’s stock worth $1,321,000 after buying an additional 1,641 shares during the period. Atria Investments Inc raised its holdings in shares of Brookfield Infrastructure by 32.8% in the fourth quarter. Atria Investments Inc now owns 21,038 shares of the company’s stock worth $842,000 after buying an additional 5,200 shares during the period. J.Safra Asset Management Corp lifted its stake in shares of Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock worth $31,000 after acquiring an additional 274 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Brookfield Infrastructure by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 633,295 shares of the company’s stock valued at $25,371,000 after acquiring an additional 4,689 shares during the period. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Down 1.1 %

BIPC stock opened at $35.65 on Friday. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 24.75 and a beta of 1.48. The business’s fifty day simple moving average is $39.78 and its two-hundred day simple moving average is $41.10.

Brookfield Infrastructure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.83%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 119.44%.

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.