Toronto Dominion Bank Decreases Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

Toronto Dominion Bank decreased its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 74.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,349 shares of the company’s stock after selling 110,870 shares during the quarter. Toronto Dominion Bank’s holdings in Brookfield Infrastructure were worth $1,665,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in Brookfield Infrastructure by 11.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,754 shares of the company’s stock worth $93,000 after buying an additional 288 shares during the period. CWM LLC boosted its stake in shares of Brookfield Infrastructure by 10.7% during the 2nd quarter. CWM LLC now owns 3,148 shares of the company’s stock worth $106,000 after purchasing an additional 305 shares during the period. Gryphon Financial Partners LLC bought a new position in Brookfield Infrastructure during the 2nd quarter valued at about $136,000. Covestor Ltd grew its holdings in Brookfield Infrastructure by 64.0% during the 3rd quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after purchasing an additional 1,329 shares during the last quarter. Finally, Toth Financial Advisory Corp raised its position in Brookfield Infrastructure by 111.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock worth $156,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Shares of NASDAQ BIPC opened at $40.63 on Monday. The company has a market cap of $5.36 billion, a P/E ratio of 28.22 and a beta of 1.45. The firm has a 50-day simple moving average of $42.94 and a two-hundred day simple moving average of $39.59. Brookfield Infrastructure Co. has a 1 year low of $28.47 and a 1 year high of $45.29.

Brookfield Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure’s payout ratio is currently 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.