Tranquility Partners LLC Cuts Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Tranquility Partners LLC lessened its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 33.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,973 shares of the company’s stock after selling 6,067 shares during the quarter. Tranquility Partners LLC’s holdings in Brookfield Infrastructure were worth $520,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. raised its holdings in Brookfield Infrastructure by 22.1% in the first quarter. Sei Investments Co. now owns 49,424 shares of the company’s stock valued at $1,781,000 after acquiring an additional 8,937 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Brookfield Infrastructure by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock valued at $189,844,000 after purchasing an additional 279,676 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Brookfield Infrastructure during the 1st quarter worth $234,000. National Bank of Canada FI grew its stake in shares of Brookfield Infrastructure by 3.5% during the first quarter. National Bank of Canada FI now owns 1,239,217 shares of the company’s stock worth $42,867,000 after purchasing an additional 41,698 shares in the last quarter. Finally, Guardian Capital LP increased its holdings in Brookfield Infrastructure by 2.3% in the first quarter. Guardian Capital LP now owns 278,240 shares of the company’s stock valued at $10,034,000 after buying an additional 6,305 shares during the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Shares of NASDAQ BIPC opened at $43.40 on Tuesday. The business has a 50-day moving average of $42.39 and a two-hundred day moving average of $38.42. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 30.14 and a beta of 1.45. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $44.54.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is 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.