Los Angeles Capital Management LLC Has $1.67 Million Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Los Angeles Capital Management LLC trimmed its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,468 shares of the company’s stock after selling 470 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Brookfield Infrastructure were worth $1,672,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BIPC. Harbor Capital Advisors Inc. lifted its holdings in Brookfield Infrastructure by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 21,647 shares of the company’s stock worth $729,000 after acquiring an additional 16,132 shares during the period. Toronto Dominion Bank grew its position in Brookfield Infrastructure by 32.0% during the second quarter. Toronto Dominion Bank now owns 149,219 shares of the company’s stock worth $5,023,000 after buying an additional 36,183 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in shares of Brookfield Infrastructure in the first quarter worth approximately $996,000. Bank of Montreal Can raised its position in shares of Brookfield Infrastructure by 3.9% during the 2nd quarter. Bank of Montreal Can now owns 4,527,120 shares of the company’s stock valued at $153,880,000 after buying an additional 169,892 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Brookfield Infrastructure by 2.7% during the second quarter. National Bank of Canada FI now owns 1,272,758 shares of the company’s stock worth $41,935,000 after purchasing an additional 33,541 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

BIPC stock opened at $42.58 on Thursday. The firm’s fifty day moving average is $42.16 and its 200 day moving average is $38.10. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $44.26. The firm has a market cap of $5.62 billion, a P/E ratio of 30.24 and a beta of 1.45.

Brookfield Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend 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.