Wulff Hansen & CO. Trims Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Confluence Investment Management LLC purchased a new stake in shares of Brookfield Infrastructure in the 1st quarter worth about $89,710,000. Norges Bank bought a new position in Brookfield Infrastructure in the 4th quarter worth about $53,055,000. Epoch Investment Partners Inc. grew its position in Brookfield Infrastructure by 67.6% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,113,151 shares of the company’s stock valued at $74,552,000 after purchasing an additional 852,089 shares during the last quarter. TD Asset Management Inc increased its stake in Brookfield Infrastructure by 118.9% during the 4th quarter. TD Asset Management Inc now owns 1,254,936 shares of the company’s stock valued at $44,379,000 after purchasing an additional 681,645 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Brookfield Infrastructure by 5.6% in the first quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock worth $189,844,000 after buying an additional 279,676 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Down 0.3 %

NASDAQ:BIPC opened at $42.33 on Tuesday. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 29.40 and a beta of 1.44. The company’s 50 day moving average price is $39.34 and its 200-day moving average price is $35.67. Brookfield Infrastructure Co. has a 52 week low of $25.48 and a 52 week high of $42.78.

Brookfield Infrastructure Announces Dividend

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

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.