Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Paragon Capital Management Ltd

Paragon Capital Management Ltd trimmed its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,784 shares of the company’s stock after selling 1,000 shares during the quarter. Paragon Capital Management Ltd’s holdings in Brookfield Infrastructure were worth $551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Choreo LLC purchased a new stake in Brookfield Infrastructure during the 2nd quarter worth about $206,000. Seven Eight Capital LP purchased a new stake in shares of Brookfield Infrastructure in the 2nd quarter valued at about $509,000. Burgundy Asset Management Ltd. lifted its holdings in shares of Brookfield Infrastructure by 13.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 46,278 shares of the company’s stock valued at $1,557,000 after purchasing an additional 5,420 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Brookfield Infrastructure by 14.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,981 shares of the company’s stock valued at $369,000 after purchasing an additional 1,425 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Brookfield Infrastructure by 9.9% in the 2nd quarter. Sei Investments Co. now owns 54,331 shares of the company’s stock valued at $1,829,000 after purchasing an additional 4,907 shares during the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Up 0.2 %

BIPC opened at $39.52 on Thursday. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The business has a 50 day moving average price of $41.45 and a two-hundred day moving average price of $40.40. The company has a market cap of $4.70 billion, a PE ratio of 27.44 and a beta of 1.47.

Brookfield Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a dividend of $0.405 per share. The ex-dividend date was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 4.10%. Brookfield Infrastructure’s payout ratio 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.