Brookfield Infrastructure Co. $BIPC Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Brookfield Infrastructure Co. (NYSE:BIPC) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,157 shares of the company’s stock after buying an additional 12,161 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.23% of Brookfield Infrastructure worth $11,191,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. City Holding Co. acquired a new position in Brookfield Infrastructure in the 3rd quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted its holdings in shares of Brookfield Infrastructure by 338.3% in the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock valued at $26,000 after purchasing an additional 548 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of 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 buying an additional 641 shares during the period. Parvin Asset Management LLC purchased a new position in shares of Brookfield Infrastructure during the second quarter valued at $36,000. Finally, Citizens National Bank Trust Department acquired a new position in Brookfield Infrastructure during the third quarter valued at $41,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BIPC. Wall Street Zen upgraded Brookfield Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Morgan Stanley set a $57.00 price target on shares of Brookfield Infrastructure in a report on Wednesday, January 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $57.00.

Brookfield Infrastructure Stock Performance

Shares of NYSE BIPC opened at $47.01 on Friday. The business has a 50 day simple moving average of $47.16 and a 200 day simple moving average of $44.81. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $51.72. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 30.85 and a beta of 1.36.

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.