Lantz Financial LLC Lowers Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Lantz Financial LLC cut its stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPCFree Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,244 shares of the company’s stock after selling 724 shares during the quarter. Lantz Financial LLC’s holdings in Brookfield Infrastructure were worth $1,690,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BIPC. Janney Montgomery Scott LLC increased its holdings in Brookfield Infrastructure by 6.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock worth $202,000 after purchasing an additional 312 shares during the period. SG Americas Securities LLC increased its stake in shares of Brookfield Infrastructure by 31.6% during the fourth quarter. SG Americas Securities LLC now owns 48,414 shares of the company’s stock valued at $1,937,000 after buying an additional 11,614 shares during the period. Addenda Capital Inc. raised its holdings in shares of Brookfield Infrastructure by 120.2% in the fourth quarter. Addenda Capital Inc. now owns 13,870 shares of the company’s stock valued at $555,000 after acquiring an additional 7,570 shares in the last quarter. Procyon Advisors LLC lifted its stake in Brookfield Infrastructure by 12.0% in the fourth quarter. Procyon Advisors LLC now owns 30,178 shares of the company’s stock worth $1,207,000 after acquiring an additional 3,228 shares during the period. Finally, CHURCHILL MANAGEMENT Corp grew its holdings in Brookfield Infrastructure by 3.3% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 273,706 shares of the company’s stock worth $10,951,000 after acquiring an additional 8,782 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Stock Performance

NASDAQ BIPC opened at $42.82 on Friday. The company’s 50-day simple moving average is $41.10 and its two-hundred day simple moving average is $40.70. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 29.74 and a beta of 1.47.

Brookfield Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure’s dividend payout ratio (DPR) is 112.50%.

Brookfield Infrastructure Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield Infrastructure (NASDAQ:BIPC)

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