Bank of Montreal Can Increases Holdings in Brookfield Infrastructure Co. $BIPC

Bank of Montreal Can increased its stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 9.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,522,487 shares of the company’s stock after buying an additional 375,586 shares during the quarter. Bank of Montreal Can owned about 3.80% of Brookfield Infrastructure worth $188,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BIPC. Brown Advisory Inc. purchased a new stake in Brookfield Infrastructure in the first quarter valued at $107,741,000. Nuveen LLC purchased a new stake in Brookfield Infrastructure in the first quarter valued at $29,968,000. HighTower Advisors LLC raised its position in Brookfield Infrastructure by 85.8% in the first quarter. HighTower Advisors LLC now owns 1,378,035 shares of the company’s stock valued at $49,871,000 after purchasing an additional 636,353 shares during the period. Ninety One UK Ltd purchased a new stake in Brookfield Infrastructure in the second quarter valued at $14,190,000. Finally, SCS Capital Management LLC purchased a new stake in Brookfield Infrastructure in the first quarter valued at $9,618,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 1.1%

BIPC stock opened at $45.80 on Tuesday. The company has a market capitalization of $5.45 billion, a PE ratio of 30.85 and a beta of 1.45. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $47.71. The business’s fifty day moving average price is $42.46 and its 200 day moving average price is $40.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Brookfield Infrastructure in a research report on Tuesday, October 14th. Morgan Stanley lifted their target price on Brookfield Infrastructure from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen upgraded Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $46.00.

Brookfield Infrastructure Profile

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.