Gilbert & Cook Inc. Reduces Stake in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Gilbert & Cook Inc. cut its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,072 shares of the company’s stock after selling 649 shares during the period. Gilbert & Cook Inc.’s holdings in Brookfield Infrastructure were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. HBC Financial Services PLLC bought a new stake in shares of Brookfield Infrastructure during the first quarter worth $29,000. Heritage Wealth Advisors bought a new position in Brookfield Infrastructure in the 4th quarter worth about $33,000. SRS Capital Advisors Inc. increased its position in shares of Brookfield Infrastructure by 413.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,021 shares of the company’s stock worth $36,000 after acquiring an additional 822 shares during the period. Pathway Financial Advisers LLC purchased a new position in shares of Brookfield Infrastructure during the first quarter worth approximately $68,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Brookfield Infrastructure during the first quarter valued at approximately $73,000. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Stock Up 0.0 %

NASDAQ:BIPC traded up $0.02 during midday trading on Monday, hitting $40.70. The stock had a trading volume of 364,100 shares, compared to its average volume of 537,508. The stock has a 50-day moving average of $37.20 and a 200 day moving average of $35.00. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 28.26 and a beta of 1.44. Brookfield Infrastructure Co. has a one year low of $25.48 and a one year high of $41.58.

Brookfield Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Friday, August 30th. Brookfield Infrastructure’s payout ratio 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.