Epoch Investment Partners Inc. Reduces Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Epoch Investment Partners Inc. lowered its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 62.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 838,754 shares of the company’s stock after selling 1,411,044 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Brookfield Infrastructure were worth $28,232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HBC Financial Services PLLC bought a new position in Brookfield Infrastructure during the first quarter worth about $29,000. Heritage Wealth Advisors bought a new position in Brookfield Infrastructure in the 4th quarter worth approximately $33,000. Pathway Financial Advisers LLC purchased a new position in Brookfield Infrastructure in the 1st quarter valued at approximately $68,000. Lazard Asset Management LLC purchased a new position in Brookfield Infrastructure in the 1st quarter valued at approximately $73,000. Finally, Nisa Investment Advisors LLC raised its holdings in Brookfield Infrastructure by 11.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after acquiring an additional 288 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock opened at $42.45 on Monday. Brookfield Infrastructure Co. has a one year low of $25.48 and a one year high of $42.72. The firm has a market capitalization of $5.60 billion, a P/E ratio of 29.48 and a beta of 1.44. The business has a fifty day moving average price of $39.24 and a 200-day moving average price of $35.62.

Brookfield Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Friday, August 30th. Brookfield Infrastructure’s dividend payout ratio is presently 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.