Copeland Capital Management LLC Reduces Stake in Brookfield Infrastructure Co.

Copeland Capital Management LLC has announced a reduction in its position in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 0.8% during the 4th quarter, according to a recent filing with the Securities and Exchange Commission (SEC). After selling 15,875 shares during this period, the institutional investor now holds 2,066,002 shares of the company. This stock comprises about 1.5% of Copeland Capital Management LLC's overall holdings, ranking as its 12th largest investment. At the end of the latest reporting period, these shares were valued at $82,661,000, representing 1.74% of Brookfield Infrastructure's total outstanding stock.

Other institutional investors have also been active in adjusting their stakes in Brookfield Infrastructure. Sei Investments Co. raised its position by 9.9% in the second quarter, now owning 54,331 shares worth approximately $1,829,000 after increasing its holding by 4,907 shares. Meanwhile, Clearbridge Investments LLC has acquired a new stake in Brookfield Infrastructure worth about $12,632,000 in the same quarter. Cubist Systematic Strategies LLC made a significant move as well, increasing its stake by an impressive 424.1%, now owning 21,069 shares valued at $709,000 after an additional purchase of 27,569 shares. SG Americas Securities LLC also enhanced its stake by 544.5% in the third quarter, now holding 36,800 shares worth $1,598,000 following a purchase of over 31,000 shares.

Moreover, Pinnacle Wealth Management Group Inc. raised its holdings by 13.1% during the third quarter, with a total of 14,869 shares valued at $646,000. In total, hedge funds and other institutional investors collectively own 70.38% of Brookfield Infrastructure's stock.

Current Share Price and Market Overview

As of the latest trading session, Brookfield Infrastructure shares opened at $41.73. The company has experienced fluctuations, with a fifty-day simple moving average of $40.87 and a 200-day simple moving average of $40.92. The current market capitalization stands at $4.97 billion, with a price-to-earnings ratio of 28.98, and a beta coefficient of 1.47. Over the past year, the stock has reached a low of $28.47 and a high of $45.29.

Dividend Increase Announcement

Recently, Brookfield Infrastructure also announced a quarterly dividend payout, set to be disbursed on Monday, March 31st. Shareholders recorded on Friday, February 28th, will receive a dividend of $0.43. This increase brings the annualized dividend to $1.72, yielding 4.12%. The ex-dividend date for this payment is also Friday, February 28th. This new dividend rate marks an increase from the previous quarterly payment of $0.41, with the company's current dividend payout ratio listed at 112.50%.

Company Overview

Brookfield Infrastructure Corporation, along with its subsidiaries, is recognized for owning and operating regulated natural gas transmission systems in Brazil. The company participates in regulated gas and electricity distribution in the United Kingdom, and also oversees electricity transmission and distribution, along with gas distribution in Australia.

Brookfield, Investment, Dividend