Integrated Wealth Concepts LLC Sells 1,658 Shares of Brookfield Infrastructure Co. (NASDAQ:BIPC)

Integrated Wealth Concepts LLC reduced its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 4.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,207 shares of the company’s stock after selling 1,658 shares during the period. Integrated Wealth Concepts LLC’s holdings in Brookfield Infrastructure were worth $1,569,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. J.Safra Asset Management Corp grew its position in shares of Brookfield Infrastructure by 55.0% during the 4th quarter. J.Safra Asset Management Corp now owns 772 shares of the company’s stock valued at $31,000 after acquiring an additional 274 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Brookfield Infrastructure by 6.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after acquiring an additional 312 shares during the period. Fidelis Capital Partners LLC grew its position in shares of Brookfield Infrastructure by 5.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 7,156 shares of the company’s stock valued at $294,000 after acquiring an additional 367 shares during the period. Mariner LLC grew its position in shares of Brookfield Infrastructure by 1.4% during the 4th quarter. Mariner LLC now owns 26,031 shares of the company’s stock valued at $1,041,000 after acquiring an additional 370 shares during the period. Finally, Allworth Financial LP grew its position in shares of Brookfield Infrastructure by 42.9% during the 4th quarter. Allworth Financial LP now owns 1,320 shares of the company’s stock valued at $55,000 after acquiring an additional 396 shares during the period. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Stock Up 0.4 %

Brookfield Infrastructure stock opened at $36.55 on Tuesday. Brookfield Infrastructure Co. has a twelve month low of $29.30 and a twelve month high of $45.29. The firm has a 50 day moving average price of $36.60 and a 200-day moving average price of $39.87. The company has a market capitalization of $4.35 billion, a P/E ratio of 25.38 and a beta of 1.48.

Brookfield Infrastructure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.43 dividend. The ex-dividend date was Friday, February 28th. This is an increase from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 4.71%. Brookfield Infrastructure’s dividend payout ratio (DPR) is 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.