GPS Wealth Strategies Group LLC Lowers Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

GPS Wealth Strategies Group LLC decreased its holdings in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC) by 37.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,560 shares of the company’s stock after selling 3,302 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Brookfield Infrastructure were worth $222,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BIPC. Janney Montgomery Scott LLC increased its holdings in Brookfield Infrastructure by 6.6% during the fourth 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 period. Signaturefd LLC boosted its position in Brookfield Infrastructure by 9.8% during the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock valued at $177,000 after acquiring an additional 363 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Brookfield Infrastructure by 1.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 36,347 shares of the company’s stock valued at $1,579,000 after acquiring an additional 364 shares during the period. Hedeker Wealth LLC increased its holdings in shares of Brookfield Infrastructure by 4.6% in the 3rd quarter. Hedeker Wealth LLC now owns 9,533 shares of the company’s stock valued at $414,000 after acquiring an additional 423 shares during the period. Finally, Captrust Financial Advisors raised its position in shares of Brookfield Infrastructure by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,924 shares of the company’s stock worth $648,000 after acquiring an additional 493 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

Shares of BIPC stock opened at $41.73 on Monday. The stock’s 50-day moving average is $40.87 and its 200 day moving average is $40.92. Brookfield Infrastructure Co. has a 1-year low of $28.47 and a 1-year high of $45.29. The company has a market cap of $4.97 billion, a P/E ratio of 28.98 and a beta of 1.47.

Brookfield Infrastructure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.43 dividend. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure’s dividend payout ratio (DPR) is currently 112.50%.

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.