Tandem Capital Management Corp ADV Sells 569 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Tandem Capital Management Corp ADV lowered its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,011 shares of the company’s stock after selling 569 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Brookfield Infrastructure were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd raised its stake in shares of Brookfield Infrastructure by 64.0% in the third quarter. Covestor Ltd now owns 3,405 shares of the company’s stock worth $148,000 after buying an additional 1,329 shares during the period. Toth Financial Advisory Corp grew its position in shares of Brookfield Infrastructure by 111.6% during the third quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock worth $156,000 after purchasing an additional 1,900 shares in the last quarter. Signaturefd LLC grew its position in shares of Brookfield Infrastructure by 9.8% during the third quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after purchasing an additional 363 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Brookfield Infrastructure by 6.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock worth $202,000 after purchasing an additional 312 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of Brookfield Infrastructure during the third quarter worth about $204,000. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 1.5 %

NASDAQ:BIPC opened at $41.11 on Tuesday. Brookfield Infrastructure Co. has a 12-month low of $28.47 and a 12-month high of $45.29. The stock has a 50-day moving average price of $40.87 and a 200 day moving average price of $40.93. The stock has a market capitalization of $4.89 billion, a P/E ratio of 28.55 and a beta of 1.47.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.18%. The ex-dividend date is Friday, February 28th. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 119.44%.

Brookfield Infrastructure 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.