LDR Capital Management LLC Reduces Holdings in Brookfield Infrastructure Co.

LDR Capital Management LLC has reduced its stake in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 39.7% in the fourth quarter. This decrease is noted in their recent filing with the Securities and Exchange Commission (SEC). Following this sale, the firm now holds 27,271 shares of the company's stock, having sold 17,978 shares during the fourth quarter. This particular investment represents 1.5% of LDR Capital Management LLC's overall portfolio, positioning Brookfield Infrastructure as their 28th largest investment. The value of LDR Capital Management's holdings in Brookfield Infrastructure was estimated at $1,091,000 at the conclusion of the recent quarter.

In addition to LDR Capital Management LLC, various institutional investors have made adjustments to their stakes in Brookfield Infrastructure. For instance, Allworth Financial LP increased its position by 42.9% during the fourth quarter, now owning 1,320 shares worth about $55,000 after adding 396 shares in the last quarter. Covestor Ltd also raised its holdings by 64.0% during the third quarter and currently owns 3,405 shares valued at approximately $148,000 after acquiring an additional 1,329 shares. Moreover, Signaturefd LLC grew its investment by 9.8% in the third quarter, owning 4,078 shares worth $177,000 following a purchase of 363 shares. Similarly, Janney Montgomery Scott LLC enhanced its stake by 6.6% in the fourth quarter, owning 5,057 shares valued at $202,000 after buying an additional 312 shares. M&T Bank Corp also entered a new position in Brookfield Infrastructure during the third quarter, with a total valuation around $204,000. It is noteworthy that 70.38% of Brookfield Infrastructure's stock is held by institutional investors.

Stock Performance of Brookfield Infrastructure

As of Friday, shares of Brookfield Infrastructure Co. opened at $42.34. The company has witnessed a 52-week low of $28.47 and a high of $45.29 within that time frame. With a market capitalization of $5.04 billion, Brookfield Infrastructure has a price-to-earnings (P/E) ratio of 29.40 and a beta value of 1.48. The company's 50-day simple moving average stands at $40.34, while its 200-day simple moving average is $41.25.

Brookfield Infrastructure’s Dividend Announcement

Recently, Brookfield Infrastructure announced a quarterly dividend that is set to be distributed on Monday, March 31st. Shareholders recorded on Friday, February 28th, will receive a dividend payment of $0.43 per share. This translates to an annualized dividend of $1.72, reflecting a dividend yield of 4.06%. The ex-dividend date is also marked on February 28th. This marks an increase from Brookfield Infrastructure's prior quarterly dividend of $0.41. Currently, their dividend payout ratio is 119.44%.

About Brookfield Infrastructure

Brookfield Infrastructure Corporation, along with its subsidiaries, is involved in owning and operating regulated natural gas transmission systems in Brazil. The company also participates in regulated gas and electricity distribution operations in the United Kingdom, in addition to engaging in electricity transmission and distribution, along with gas distribution activities in Australia.

Investment, Dividend, Stock