Swiss National Bank Lowers Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Swiss National Bank decreased its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 0.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 233,477 shares of the company’s stock after selling 1,600 shares during the period. Swiss National Bank owned about 0.18% of Brookfield Infrastructure worth $10,155,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BIPC. Natixis Advisors LLC grew its position in shares of Brookfield Infrastructure by 2.7% in the 3rd quarter. Natixis Advisors LLC now owns 77,907 shares of the company’s stock worth $3,384,000 after buying an additional 2,027 shares during the period. Ipswich Investment Management Co. Inc. boosted its stake in Brookfield Infrastructure by 6.9% during the third quarter. Ipswich Investment Management Co. Inc. now owns 87,701 shares of the company’s stock worth $3,809,000 after acquiring an additional 5,650 shares in the last quarter. Weil Company Inc. increased its stake in shares of Brookfield Infrastructure by 3.2% during the third quarter. Weil Company Inc. now owns 49,898 shares of the company’s stock valued at $2,167,000 after purchasing an additional 1,545 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Brookfield Infrastructure by 64.0% during the third quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after purchasing an additional 1,329 shares during the last quarter. Finally, Leavell Investment Management Inc. bought a new stake in shares of Brookfield Infrastructure in the 3rd quarter worth approximately $418,000. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Down 0.2 %

Brookfield Infrastructure stock opened at $44.14 on Monday. The stock’s 50 day moving average is $42.61 and its 200 day moving average is $38.70. The company has a market capitalization of $5.83 billion, a P/E ratio of 30.65 and a beta of 1.45. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $44.54.

Brookfield Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.405 per share. The ex-dividend date is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 3.67%. 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.