Brookfield Infrastructure’s (BIPC) “Underweight” Rating Reiterated at Morgan Stanley

Morgan Stanley reissued their underweight rating on shares of Brookfield Infrastructure (NYSE:BIPC) in a report released on Monday, MarketBeat reports. The firm currently has a $45.00 price objective on the stock, down from their prior price objective of $57.00.

Other equities analysts also recently issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Monday, December 29th. Wall Street Zen upgraded Brookfield Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell” and an average target price of $45.00.

Brookfield Infrastructure Trading Up 0.2%

Shares of BIPC opened at $38.24 on Monday. The stock’s 50-day moving average price is $46.79 and its two-hundred day moving average price is $45.21. Brookfield Infrastructure has a 12 month low of $32.08 and a 12 month high of $51.72. The company has a market capitalization of $4.59 billion, a PE ratio of 30.85 and a beta of 1.36.

Institutional Trading of Brookfield Infrastructure

Large investors have recently bought and sold shares of the business. City Holding Co. bought a new position in shares of Brookfield Infrastructure in the 3rd quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Brookfield Infrastructure by 1,125.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Brookfield Infrastructure by 338.3% during the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock worth $26,000 after purchasing an additional 548 shares during the period. Smartleaf Asset Management LLC increased its holdings in Brookfield Infrastructure by 374.9% in the third quarter. Smartleaf Asset Management LLC now owns 812 shares of the company’s stock worth $34,000 after purchasing an additional 641 shares in the last quarter. Finally, Motiv8 Investments LLC bought a new stake in Brookfield Infrastructure in the fourth quarter worth approximately $34,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Company Profile

Brookfield Infrastructure (NYSE: BIPC) is a global owner, operator and investor in essential infrastructure assets. As the corporate class of Brookfield Infrastructure Partners L.P., the company provides exposure to a diversified portfolio spanning utilities, transport, energy midstream and data infrastructure. Its holdings generate stable cash flows underpinned by regulated or long-term contracted revenue streams.

Since its formation in 2008 and U.S. listing in 2017, Brookfield Infrastructure has pursued a disciplined strategy of acquiring and managing high-quality infrastructure businesses.