CIBC Asset Management Inc Sells 66,618 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

CIBC Asset Management Inc cut its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 17.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,593 shares of the company’s stock after selling 66,618 shares during the quarter. CIBC Asset Management Inc owned approximately 0.24% of Brookfield Infrastructure worth $13,981,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Clearbridge Investments LLC purchased a new position in Brookfield Infrastructure during the second quarter valued at $12,632,000. Wulff Hansen & CO. grew its position in shares of Brookfield Infrastructure by 2,158.9% during the second quarter. Wulff Hansen & CO. now owns 307,686 shares of the company’s stock valued at $10,357,000 after purchasing an additional 294,065 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Brookfield Infrastructure by 5.6% in the first quarter. Vanguard Group Inc. now owns 5,267,594 shares of the company’s stock worth $189,844,000 after purchasing an additional 279,676 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Brookfield Infrastructure by 9.0% in the second quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company’s stock worth $96,704,000 after buying an additional 236,355 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its stake in Brookfield Infrastructure by 11,621.8% during the third quarter. Pathway Financial Advisers LLC now owns 222,479 shares of the company’s stock valued at $9,662,000 after buying an additional 220,581 shares during the last quarter. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Up 1.6 %

Brookfield Infrastructure stock opened at $43.15 on Friday. Brookfield Infrastructure Co. has a 52-week low of $28.47 and a 52-week high of $44.26. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 29.97 and a beta of 1.45. The firm’s fifty day moving average is $42.32 and its 200 day moving average is $38.30.

Brookfield Infrastructure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 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.