Brookfield Infrastructure (NYSE:BIPC) Stock Rating Lowered by Wall Street Zen

Key Points

• Brookfield Infrastructure's stock rating has been downgraded by Wall Street Zen from a "buy" to a "hold".
• The company's shares opened at $38.73 and have a market cap of $4.61 billion, with a price-to-earnings ratio of 26.90.
• Institutional investors currently own 70.38% of Brookfield Infrastructure, indicating significant confidence among large shareholders.

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

Brookfield Infrastructure Stock Performance

Shares of BIPC stock opened at $38.73 on Friday. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 26.90 and a beta of 1.39. Brookfield Infrastructure has a 52 week low of $32.08 and a 52 week high of $45.29. The firm's 50-day simple moving average is $41.00 and its two-hundred day simple moving average is $39.16.

Institutional Trading of Brookfield Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in Brookfield Infrastructure by 8.9% during the first quarter. Envestnet Asset Management Inc. now owns 904,535 shares of the company's stock valued at $32,729,000 after acquiring an additional 73,659 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Brookfield Infrastructure by 5.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 38,253 shares of the company's stock valued at $1,531,000 after acquiring an additional 1,906 shares in the last quarter. Townsquare Capital LLC grew its stake in Brookfield Infrastructure by 20.4% during the fourth quarter. Townsquare Capital LLC now owns 11,053 shares of the company's stock valued at $442,000 after acquiring an additional 1,870 shares in the last quarter. GAMMA Investing LLC purchased a new position in Brookfield Infrastructure during the first quarter valued at approximately $660,000. Finally, Cerity Partners LLC purchased a new position in Brookfield Infrastructure during the first quarter valued at approximately $280,000. 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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