LDR Capital Management LLC Has $1.09 Million Stock Holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC)

LDR Capital Management LLC decreased its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 39.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,271 shares of the company’s stock after selling 17,978 shares during the period. Brookfield Infrastructure makes up 1.5% of LDR Capital Management LLC’s portfolio, making the stock its 28th largest position. LDR Capital Management LLC’s holdings in Brookfield Infrastructure were worth $1,091,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Brookfield Infrastructure by 42.9% in 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 in the last quarter. Covestor Ltd raised its holdings in shares of Brookfield Infrastructure by 64.0% in 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 period. Signaturefd LLC grew its stake in Brookfield Infrastructure by 9.8% in the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after buying an additional 363 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Brookfield Infrastructure by 6.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock valued at $202,000 after buying an additional 312 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in Brookfield Infrastructure in the 3rd quarter valued at about $204,000. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Stock Performance

Shares of BIPC opened at $42.34 on Friday. Brookfield Infrastructure Co. has a 52 week low of $28.47 and a 52 week high of $45.29. The firm has a market cap of $5.04 billion, a P/E ratio of 29.40 and a beta of 1.48. The firm’s 50-day simple moving average is $40.34 and its 200 day simple moving average is $41.25.

Brookfield Infrastructure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. Brookfield Infrastructure’s dividend payout ratio is presently 119.44%.

About Brookfield Infrastructure

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.