Brookfield Infrastructure (NYSE:BIPC) Downgraded by Wall Street Zen to Sell

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 investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Monday.

Separately, Morgan Stanley increased 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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $46.00.

Brookfield Infrastructure Stock Performance

NYSE:BIPC opened at $40.00 on Monday. The stock's fifty day moving average is $40.38 and its 200 day moving average is $38.91. Brookfield Infrastructure has a fifty-two week low of $32.08 and a fifty-two week high of $45.29. The firm has a market capitalization of $4.76 billion, a PE ratio of 27.78 and a beta of 1.38.

Hedge Funds Weigh In On Brookfield Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can grew its position in shares of Brookfield Infrastructure by 9.1% during the 2nd quarter. Bank of Montreal Can now owns 4,522,487 shares of the company's stock worth $188,293,000 after buying an additional 375,586 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Brookfield Infrastructure by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company's stock worth $115,624,000 after buying an additional 85,121 shares in the last quarter. Brown Advisory Inc. bought a new position in shares of Brookfield Infrastructure during the 1st quarter worth $107,741,000. State Street Corp grew its position in shares of Brookfield Infrastructure by 2.3% during the 2nd quarter. State Street Corp now owns 1,977,356 shares of the company's stock worth $82,258,000 after buying an additional 44,506 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its position in shares of Brookfield Infrastructure by 10.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,797,568 shares of the company's stock worth $65,054,000 after buying an additional 171,427 shares in the last quarter. 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.

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