Brookfield Infrastructure Co. (NASDAQ:BIPC) Holdings Decreased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 12.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 696,022 shares of the company’s stock after selling 96,745 shares during the quarter. Envestnet Asset Management Inc. owned about 0.53% of Brookfield Infrastructure worth $23,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nisa Investment Advisors LLC raised its stake in shares of Brookfield Infrastructure by 11.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock valued at $93,000 after purchasing an additional 288 shares in the last quarter. CWM LLC raised its position in Brookfield Infrastructure by 10.7% in the second quarter. CWM LLC now owns 3,148 shares of the company’s stock worth $106,000 after acquiring an additional 305 shares in the last quarter. Heritage Wealth Advisors raised its position in Brookfield Infrastructure by 43.0% in the first quarter. Heritage Wealth Advisors now owns 1,333 shares of the company’s stock worth $48,000 after acquiring an additional 401 shares in the last quarter. ProShare Advisors LLC raised its position in Brookfield Infrastructure by 1.5% in the first quarter. ProShare Advisors LLC now owns 36,266 shares of the company’s stock worth $1,307,000 after acquiring an additional 530 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in Brookfield Infrastructure by 6.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 9,556 shares of the company’s stock worth $344,000 after acquiring an additional 544 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Trading Up 0.3 %

Shares of Brookfield Infrastructure stock opened at $42.45 on Monday. The company’s 50-day moving average price is $39.24 and its two-hundred day moving average price is $35.62. Brookfield Infrastructure Co. has a 52 week low of $25.48 and a 52 week high of $42.72. The stock has a market cap of $5.60 billion, a PE ratio of 29.48 and a beta of 1.44.

Brookfield Infrastructure Dividend Announcement

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