PNC Financial Services Group Inc. Has $475,000 Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

PNC Financial Services Group Inc. reduced its position in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 34.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,863 shares of the company’s stock after selling 6,251 shares during the period. PNC Financial Services Group Inc.’s holdings in Brookfield Infrastructure were worth $475,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp raised its position in Brookfield Infrastructure by 55.0% during the fourth quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock valued at $31,000 after purchasing an additional 274 shares in the last quarter. Jones Financial Companies Lllp raised its position in Brookfield Infrastructure by 217.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,106 shares of the company’s stock valued at $44,000 after purchasing an additional 758 shares in the last quarter. Allworth Financial LP raised its position in Brookfield Infrastructure by 42.9% during the fourth quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock valued at $55,000 after purchasing an additional 396 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its position in Brookfield Infrastructure by 34.0% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,814 shares of the company’s stock valued at $73,000 after purchasing an additional 460 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Brookfield Infrastructure by 6.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after purchasing an additional 312 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Price Performance

Shares of BIPC opened at $36.07 on Thursday. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The company has a market cap of $4.29 billion, a P/E ratio of 25.05 and a beta of 1.48. The firm has a 50 day simple moving average of $39.88 and a two-hundred day simple moving average of $41.14.

Brookfield Infrastructure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.77%. 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 payout ratio is presently 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.