Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,804 shares of the company’s stock after selling 15,329 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Brookfield Infrastructure were worth $5,724,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Brookfield Infrastructure by 5.7% in the 3rd quarter. FMR LLC now owns 12,453,146 shares of the company’s stock valued at $540,840,000 after purchasing an additional 673,427 shares in the last quarter. Clearbridge Investments LLC purchased a new position in Brookfield Infrastructure in the second quarter valued at approximately $12,632,000. Wulff Hansen & CO. raised its holdings in Brookfield Infrastructure by 2,158.9% in the second quarter. Wulff Hansen & CO. now owns 307,686 shares of the company’s stock valued at $10,357,000 after buying an additional 294,065 shares during the period. Principal Financial Group Inc. raised its stake in shares of Brookfield Infrastructure by 9.0% during the second quarter. Principal Financial Group Inc. now owns 2,872,954 shares of the company’s stock valued at $96,704,000 after purchasing an additional 236,355 shares during the period. Finally, Pathway Financial Advisers LLC raised its stake in shares of 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 purchasing an additional 220,581 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Down 0.1 %

BIPC stock opened at $42.52 on Wednesday. Brookfield Infrastructure Co. has a twelve month low of $28.47 and a twelve month high of $45.29. The company has a market capitalization of $5.61 billion, a P/E ratio of 29.56 and a beta of 1.45. The firm has a 50 day simple moving average of $42.97 and a 200-day simple moving average of $39.41.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio is presently 112.50%.

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.