Brookfield Infrastructure (NYSE:BIPC) Given "Sell (D+)" Rating at Weiss Ratings

Key Points

• Brookfield Infrastructure has received a "Sell (D+)" rating from Weiss Ratings, while other analysts have varied, including a recent upgrade to "Hold" from Wall Street Zen.
• The stock is currently trading at $45.38, with an average price target of $46.00 and a consensus rating of "Reduce."
• Institutional investors hold 70.38% of the stock, indicating significant interest from hedge funds, including increases in holdings by Bank of Montreal Can and others.

Brookfield Infrastructure (NYSE:BIPC - Get Free Report)'s stock had its "sell (d+)" rating restated by stock analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

BIPC has been the subject of a number of other reports. Wall Street Zen raised Brookfield Infrastructure from a "sell" rating to a "hold" rating in a report on Friday, September 26th. Morgan Stanley increased their price objective on Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $46.00.

Brookfield Infrastructure Trading Down 0.4%

Brookfield Infrastructure stock traded down $0.19 during midday trading on Tuesday, hitting $45.38. The stock had a trading volume of 182,264 shares, compared to its average volume of 633,848. The stock has a market cap of $5.40 billion, a P/E ratio of 31.51 and a beta of 1.45. Brookfield Infrastructure has a 12 month low of $32.08 and a 12 month high of $46.15. The business has a fifty day moving average price of $40.76 and a 200 day moving average price of $39.71.

Hedge Funds Weigh In On Brookfield Infrastructure

Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its position in Brookfield Infrastructure by 9.1% during the second 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 during the last quarter. Principal Financial Group Inc. grew its position in shares of Brookfield Infrastructure by 2.7% in the first quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company's stock valued at $115,624,000 after purchasing an additional 85,121 shares during the last quarter. Brown Advisory Inc. acquired a new stake in shares of Brookfield Infrastructure in the first quarter valued at about $107,741,000. State Street Corp grew its position in shares of Brookfield Infrastructure by 2.3% in the second quarter. State Street Corp now owns 1,977,356 shares of the company's stock valued at $82,258,000 after purchasing an additional 44,506 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its position in shares of Brookfield Infrastructure by 10.5% in the first quarter. Epoch Investment Partners Inc. now owns 1,797,568 shares of the company's stock valued at $65,054,000 after purchasing an additional 171,427 shares during the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.