Creative Planning Trims Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Creative Planning lessened its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 12.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,660 shares of the company’s stock after selling 3,700 shares during the quarter. Creative Planning’s holdings in Brookfield Infrastructure were worth $897,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in shares of Brookfield Infrastructure by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock valued at $729,000 after buying an additional 16,132 shares during the period. Toronto Dominion Bank increased its holdings in Brookfield Infrastructure by 32.0% in the 2nd quarter. Toronto Dominion Bank now owns 149,219 shares of the company’s stock valued at $5,023,000 after purchasing an additional 36,183 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in Brookfield Infrastructure in the 1st quarter valued at approximately $996,000. Vanguard Group Inc. increased its holdings in Brookfield Infrastructure by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 4,987,918 shares of the company’s stock valued at $175,974,000 after purchasing an additional 99,582 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in Brookfield Infrastructure in the 1st quarter valued at approximately $89,710,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock opened at $41.31 on Friday. Brookfield Infrastructure Co. has a fifty-two week low of $25.48 and a fifty-two week high of $43.90. The firm has a 50 day moving average price of $40.39 and a 200 day moving average price of $36.43. The company has a market capitalization of $5.45 billion, a PE ratio of 28.69 and a beta of 1.44.

Brookfield Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were issued a $0.405 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.62 annualized dividend and a yield of 3.92%. Brookfield Infrastructure’s dividend payout ratio (DPR) is presently 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.