Atria Investments Inc Trims Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Atria Investments Inc trimmed its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,838 shares of the company’s stock after selling 1,273 shares during the quarter. Atria Investments Inc’s holdings in Brookfield Infrastructure were worth $688,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its position in shares of Brookfield Infrastructure by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock valued at $729,000 after purchasing an additional 16,132 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Brookfield Infrastructure by 32.0% during the second quarter. Toronto Dominion Bank now owns 149,219 shares of the company’s stock worth $5,023,000 after purchasing an additional 36,183 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Brookfield Infrastructure by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock worth $153,880,000 after acquiring an additional 169,892 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Brookfield Infrastructure by 2.7% during the 2nd quarter. National Bank of Canada FI now owns 1,272,758 shares of the company’s stock worth $41,935,000 after acquiring an additional 33,541 shares in the last quarter. Finally, Wulff Hansen & CO. increased its holdings in shares of Brookfield Infrastructure by 2,158.9% in the 2nd quarter. Wulff Hansen & CO. now owns 307,686 shares of the company’s stock valued at $10,357,000 after acquiring an additional 294,065 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Down 1.2 %

BIPC stock opened at $42.88 on Wednesday. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 29.78 and a beta of 1.45. Brookfield Infrastructure Co. has a fifty-two week low of $28.47 and a fifty-two week high of $44.54. The business has a 50 day moving average price of $42.44 and a 200 day moving average price of $38.49.

Brookfield Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Friday, November 29th. 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.