Brookfield Infrastructure (NYSE:BIPC) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Brookfield Infrastructure (NYSE:BIPC) from a buy rating to a hold rating in a research report released on Saturday morning.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Monday, December 29th. Morgan Stanley restated an “underweight” rating and issued a $45.00 price objective (down from $57.00) on shares of Brookfield Infrastructure in a research report on Monday, March 23rd. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell” and an average price target of $45.00.

Brookfield Infrastructure Stock Down 2.2%

NYSE:BIPC opened at $37.83 on Friday. Brookfield Infrastructure has a 52 week low of $32.08 and a 52 week high of $51.72. The stock’s 50-day moving average price is $46.52 and its 200-day moving average price is $45.18. The stock has a market capitalization of $4.54 billion, a PE ratio of 30.85 and a beta of 1.36.

Institutional Trading of Brookfield Infrastructure

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Brookfield Infrastructure during the 4th quarter valued at about $71,014,000. Morgan Stanley raised its position in shares of Brookfield Infrastructure by 33.3% during the 4th quarter. Morgan Stanley now owns 4,165,872 shares of the company’s stock valued at $189,131,000 after buying an additional 1,041,474 shares during the period. HighTower Advisors LLC lifted its holdings in Brookfield Infrastructure by 66.4% in the third quarter. HighTower Advisors LLC now owns 2,533,525 shares of the company’s stock valued at $104,178,000 after acquiring an additional 1,011,401 shares during the last quarter. Bank of Montreal Can lifted its holdings in Brookfield Infrastructure by 10.3% in the fourth quarter. Bank of Montreal Can now owns 5,289,204 shares of the company’s stock valued at $240,120,000 after acquiring an additional 492,354 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Brookfield Infrastructure by 10.3% in the third quarter. Bank of America Corp DE now owns 4,346,550 shares of the company’s stock worth $178,730,000 after acquiring an additional 406,485 shares during the period. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

About Brookfield Infrastructure

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.