Brookfield Infrastructure (NYSE:BIPC) Cut to "Sell" at Wall Street Zen

Key Points

• Brookfield Infrastructure has been downgraded by Wall Street Zen from a "hold" to a "sell" rating, reflecting a more negative outlook for the stock.
• Morgan Stanley has adjusted its target price for Brookfield Infrastructure from $45.00 to $46.00, maintaining an "equal weight" rating.
• Institutional investors hold 70.38% of Brookfield Infrastructure's stock, with several funds increasing their positions in the company recently.

Brookfield Infrastructure (NYSE:BIPC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Monday.

Separately, Morgan Stanley boosted their target price on Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Brookfield Infrastructure presently has an average rating of "Hold" and an average price target of $46.00.

Brookfield Infrastructure Stock Performance

BIPC stock traded down $0.28 on Monday, hitting $40.79. 766,837 shares of the company's stock were exchanged, compared to its average volume of 634,516. Brookfield Infrastructure has a 12-month low of $32.08 and a 12-month high of $45.29. The firm has a 50 day moving average price of $40.30 and a two-hundred day moving average price of $38.96. The stock has a market cap of $4.86 billion, a P/E ratio of 28.33 and a beta of 1.38.

Institutional Trading of Brookfield Infrastructure

Several large investors have recently added to or reduced their stakes in the company. BankPlus Wealth Management LLC raised its holdings in Brookfield Infrastructure by 2.6% in the 2nd quarter. BankPlus Wealth Management LLC now owns 10,708 shares of the company's stock worth $445,000 after purchasing an additional 272 shares during the period. Tranquility Partners LLC increased its stake in Brookfield Infrastructure by 2.4% during the 2nd quarter. Tranquility Partners LLC now owns 12,490 shares of the company's stock worth $520,000 after buying an additional 290 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Brookfield Infrastructure by 1.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 36,773 shares of the company's stock worth $1,530,000 after buying an additional 350 shares in the last quarter. Marks Group Wealth Management Inc increased its stake in Brookfield Infrastructure by 3.5% during the 2nd quarter. Marks Group Wealth Management Inc now owns 10,357 shares of the company's stock worth $431,000 after buying an additional 353 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Brookfield Infrastructure by 0.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 49,266 shares of the company's stock worth $2,049,000 after buying an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company's stock.

About Brookfield Infrastructure

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.