Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp cut its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 26.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,477 shares of the company’s stock after selling 13,200 shares during the period. MADDEN SECURITIES Corp’s holdings in Brookfield Infrastructure were worth $1,356,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BIPC. Norges Bank bought a new position in shares of Brookfield Infrastructure during the 4th quarter valued at about $60,137,000. HighTower Advisors LLC grew its holdings in shares of Brookfield Infrastructure by 1,684.0% in the 4th quarter. HighTower Advisors LLC now owns 741,682 shares of the company’s stock worth $29,671,000 after acquiring an additional 700,108 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Brookfield Infrastructure by 13.8% during the fourth quarter. Principal Financial Group Inc. now owns 3,109,808 shares of the company’s stock worth $124,423,000 after purchasing an additional 376,254 shares during the period. JPMorgan Chase & Co. raised its position in shares of Brookfield Infrastructure by 61.9% during the fourth quarter. JPMorgan Chase & Co. now owns 588,649 shares of the company’s stock worth $23,552,000 after purchasing an additional 225,143 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Brookfield Infrastructure by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company’s stock valued at $228,128,000 after purchasing an additional 187,719 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Trading Up 1.0%

Shares of BIPC opened at $41.12 on Tuesday. The business’s 50-day moving average price is $37.54 and its 200 day moving average price is $39.08. The stock has a market capitalization of $4.89 billion, a P/E ratio of 28.56 and a beta of 1.38. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $45.29.

Brookfield Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure’s payout ratio is 119.44%.

About Brookfield Infrastructure

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.