Brookfield Infrastructure (NYSE:BIPC) Given Underweight Rating at Morgan Stanley

Key Points

• Morgan Stanley reissued an "underweight" rating on Brookfield Infrastructure with a $45 price target, implying roughly a 10.3% upside from the current price.
• The analyst picture is mixed but leans negative: MarketBeat reports an average "Sell" rating and a consensus target of $45, while some firms (e.g., Wall Street Zen) have upgraded to Buy and others (e.g., Weiss) maintain Sell calls.
• Shares opened near $40.80 (52‑week range $32.08–$51.72), the company has a market cap around $4.9B and a P/E of ~30.9, and institutional investors hold about 70.4% of the stock with several funds recently increasing positions.

Brookfield Infrastructure (NYSE:BIPC - Get Free Report)'s stock had its "underweight" rating reissued by equities researchers at Morgan Stanley in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They currently have a $45.00 target price on the stock. Morgan Stanley's price objective points to a potential upside of 10.29% from the company's current price.

BIPC has been the topic of several other reports. Wall Street Zen raised shares of Brookfield Infrastructure from a "hold" rating to a "buy" rating in a report on Saturday, December 6th. Weiss Ratings restated a "sell (d-)" rating on shares of Brookfield Infrastructure in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell" and an average target price of $45.00.

Brookfield Infrastructure Stock Performance

NYSE:BIPC opened at $40.80 on Monday. Brookfield Infrastructure has a 52 week low of $32.08 and a 52 week high of $51.72. The firm's 50-day simple moving average is $47.14 and its 200 day simple moving average is $45.28. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 30.85 and a beta of 1.36.

Institutional Trading of Brookfield Infrastructure

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its stake in Brookfield Infrastructure by 1.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 35,039 shares of the company's stock worth $1,591,000 after purchasing an additional 453 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Brookfield Infrastructure by 9.4% during the 4th quarter. Corient Private Wealth LLC now owns 14,841 shares of the company's stock worth $674,000 after buying an additional 1,271 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Brookfield Infrastructure by 1,125.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 576 shares of the company's stock worth $26,000 after buying an additional 529 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Brookfield Infrastructure by 55.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,985 shares of the company's stock worth $408,000 after buying an additional 3,214 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Brookfield Infrastructure by 39.5% in the fourth quarter. Mackenzie Financial Corp now owns 163,965 shares of the company's stock valued at $7,450,000 after buying an additional 46,402 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company's stock.

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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