Brookfield Infrastructure Co. (NASDAQ:BIPC) Shares Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc lessened its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 565,878 shares of the company’s stock after selling 3,483 shares during the quarter. Fenimore Asset Management Inc owned about 0.48% of Brookfield Infrastructure worth $22,641,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Sei Investments Co. boosted its stake in shares of Brookfield Infrastructure by 9.9% in the second quarter. Sei Investments Co. now owns 54,331 shares of the company’s stock valued at $1,829,000 after purchasing an additional 4,907 shares during the period. 1832 Asset Management L.P. boosted its position in Brookfield Infrastructure by 5.3% in the 2nd quarter. 1832 Asset Management L.P. now owns 22,349 shares of the company’s stock valued at $752,000 after buying an additional 1,119 shares during the last quarter. Xponance Inc. grew its stake in shares of Brookfield Infrastructure by 4.4% during the second quarter. Xponance Inc. now owns 7,614 shares of the company’s stock valued at $256,000 after acquiring an additional 322 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Brookfield Infrastructure by 424.1% during the second quarter. Cubist Systematic Strategies LLC now owns 21,069 shares of the company’s stock valued at $709,000 after acquiring an additional 27,569 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Brookfield Infrastructure by 32.0% during the second quarter. Toronto Dominion Bank now owns 149,219 shares of the company’s stock worth $5,023,000 after acquiring an additional 36,183 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Shares of BIPC opened at $42.82 on Friday. Brookfield Infrastructure Co. has a one year low of $28.47 and a one year high of $45.29. The stock has a 50-day moving average price of $41.10 and a 200 day moving average price of $40.70. The company has a market capitalization of $5.10 billion, a P/E ratio of 29.74 and a beta of 1.47.

Brookfield Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure’s payout ratio 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.