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

Key Points

• Wall Street Zen downgraded Brookfield Infrastructure (BIPC) from a "hold" to a sell, and other firms including Morgan Stanley and Weiss Ratings have likewise issued negative views; the stock's consensus rating is Sell with a $45 consensus target price.
• BIPC opened at $37.43, trading below its 50-day ($42.93) and 200-day ($44.96) moving averages, with a one-year range of $34.18–$51.72 and a market capitalization of $4.6 billion.
• Institutional investors own about 70.38% of the shares, with several funds making small adjustments to their stakes in recent quarters.

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

A number of other research firms have also recently weighed in on BIPC. Morgan Stanley restated an "underweight" rating and issued a $45.00 price target (down from $57.00) on shares of Brookfield Infrastructure in a report on Monday, March 23rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Brookfield Infrastructure in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell" and a consensus target price of $45.00.

Brookfield Infrastructure Price Performance

BIPC opened at $37.43 on Friday. The business's 50-day moving average is $42.93 and its two-hundred day moving average is $44.96. Brookfield Infrastructure has a 1 year low of $34.18 and a 1 year high of $51.72. The firm has a market capitalization of $4.60 billion, a PE ratio of 30.85 and a beta of 1.40.

Institutional Investors Weigh In On Brookfield Infrastructure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corrado Advisors LLC grew its stake in shares of Brookfield Infrastructure by 0.6% during the fourth quarter. Corrado Advisors LLC now owns 38,425 shares of the company's stock worth $1,744,000 after acquiring an additional 225 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Brookfield Infrastructure by 0.8% in the 4th quarter. Kestra Advisory Services LLC now owns 29,803 shares of the company's stock valued at $1,353,000 after purchasing an additional 239 shares during the last quarter. Chapman Financial Group LLC raised its position in shares of Brookfield Infrastructure by 3.0% in the 4th quarter. Chapman Financial Group LLC now owns 8,946 shares of the company's stock valued at $406,000 after purchasing an additional 260 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Brookfield Infrastructure by 2.4% in the 4th quarter. Benjamin Edwards Inc. now owns 11,751 shares of the company's stock worth $534,000 after purchasing an additional 274 shares in the last quarter. Finally, US Bancorp DE grew its position in Brookfield Infrastructure by 8.6% during the 3rd quarter. US Bancorp DE now owns 4,136 shares of the company's stock worth $170,000 after purchasing an additional 326 shares during the last quarter. 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.

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