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

Key Points

• Brookfield Infrastructure has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a more favorable outlook from analysts.
• Morgan Stanley has increased its price target for Brookfield Infrastructure shares from $45.00 to $46.00, maintaining an "equal weight" rating on the stock.
• The stock is trading at $40.96, with a market cap of $4.88 billion, and is primarily owned by institutional investors, who hold 70.38% of the shares.

Brookfield Infrastructure (NYSE:BIPC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

Separately, Morgan Stanley lifted their price objective on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Brookfield Infrastructure has a consensus rating of "Hold" and a consensus target price of $46.00.

Brookfield Infrastructure Trading Up 2.6%

NYSE BIPC traded up $1.04 on Friday, hitting $40.96. 630,352 shares of the company were exchanged, compared to its average volume of 636,976. The company has a market cap of $4.88 billion, a PE ratio of 28.44 and a beta of 1.38. The stock has a fifty day moving average of $40.20 and a 200-day moving average of $39.07. Brookfield Infrastructure has a 12 month low of $32.08 and a 12 month high of $45.29.

Hedge Funds Weigh In On Brookfield Infrastructure

A number of institutional investors have recently made changes to their positions in BIPC. Envestnet Asset Management Inc. lifted its holdings in Brookfield Infrastructure by 8.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 904,535 shares of the company's stock worth $32,729,000 after buying an additional 73,659 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Brookfield Infrastructure by 42.5% during the 1st quarter. Intech Investment Management LLC now owns 65,225 shares of the company's stock worth $2,360,000 after buying an additional 19,453 shares in the last quarter. GAMMA Investing LLC acquired a new position in Brookfield Infrastructure during the 1st quarter worth $660,000. Cerity Partners LLC bought a new stake in shares of Brookfield Infrastructure in the 1st quarter valued at $280,000. Finally, Fifth Third Bancorp increased its holdings in Brookfield Infrastructure by 79.1% during the 1st quarter. Fifth Third Bancorp now owns 1,501 shares of the company's stock worth $54,000 after purchasing an additional 663 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

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.

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