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

Brookfield Infrastructure logo with Utilities background

Key Points

  • Brokefield Infrastructure's stock was downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a shift in market sentiment.
  • Morgan Stanley raised its target price for Brookfield Infrastructure from $45.00 to $46.00, maintaining an "equal weight" rating on the stock.
  • Currently, roughly 70.38% of Brookfield Infrastructure's stock is held by institutional investors and hedge funds, reflecting strong investment interest.
  • MarketBeat previews top five stocks to own in October.

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 research report issued to clients and investors on Saturday.

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

Check Out Our Latest Stock Analysis on BIPC

Brookfield Infrastructure Price Performance

Shares of BIPC stock traded up $0.40 on Friday, hitting $39.74. 455,717 shares of the stock traded hands, compared to its average volume of 644,244. Brookfield Infrastructure has a 52 week low of $32.08 and a 52 week high of $45.29. The firm has a 50 day simple moving average of $40.62 and a two-hundred day simple moving average of $39.01. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 27.60 and a beta of 1.38.

Hedge Funds Weigh In On Brookfield Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in Brookfield Infrastructure by 338.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the company's stock worth $26,000 after acquiring an additional 548 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Brookfield Infrastructure by 1,307.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 746 shares of the company's stock valued at $31,000 after acquiring an additional 693 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Brookfield Infrastructure in the first quarter valued at $29,000. First PREMIER Bank bought a new stake in Brookfield Infrastructure in the first quarter worth $30,000. Finally, Parvin Asset Management LLC bought a new stake in Brookfield Infrastructure in the second quarter worth $36,000. 70.38% of the stock is owned by institutional investors.

About Brookfield Infrastructure

(Get Free Report)

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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