Annex Advisory Services LLC Makes New $2.84 Million Investment in Brookfield Infrastructure Co. $BIPC

Key Points

• Annex Advisory Services LLC acquired a new stake of 62,632 shares in Brookfield Infrastructure valued at about $2.84 million, representing roughly a 0.05% ownership stake.
• Analyst sentiment has turned negative — the stock has an average rating of "Sell" with a consensus target of $45, and recent actions include Morgan Stanley cutting its target to $45 and Wall Street Zen downgrading from buy to hold.
• Institutional investors own about 70.38% of BIPC; the shares trade near $42.55 with a market cap of $5.23 billion and a trailing PE of 30.85.

Annex Advisory Services LLC acquired a new stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 62,632 shares of the company's stock, valued at approximately $2,843,000. Annex Advisory Services LLC owned approximately 0.05% of Brookfield Infrastructure as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. City Holding Co. purchased a new stake in shares of Brookfield Infrastructure during the 3rd quarter valued at $25,000. Geneos Wealth Management Inc. raised its position in Brookfield Infrastructure by 338.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the company's stock worth $26,000 after purchasing an additional 548 shares during the period. Smartleaf Asset Management LLC raised its position in Brookfield Infrastructure by 374.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 812 shares of the company's stock worth $34,000 after purchasing an additional 641 shares during the period. Optiver Holding B.V. purchased a new position in Brookfield Infrastructure in the 3rd quarter worth $39,000. Finally, Citizens National Bank Trust Department purchased a new position in Brookfield Infrastructure in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 70.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BIPC. Morgan Stanley reiterated an "underweight" rating and issued a $45.00 target price (down from $57.00) on shares of Brookfield Infrastructure in a research report on Monday, March 23rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookfield Infrastructure in a research report on Friday, March 27th. Finally, Wall Street Zen cut shares of Brookfield Infrastructure from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell" and a consensus target price of $45.00.

Brookfield Infrastructure Stock Down 0.2%

Shares of Brookfield Infrastructure stock opened at $42.55 on Thursday. The firm has a market cap of $5.23 billion, a PE ratio of 30.85 and a beta of 1.40. Brookfield Infrastructure Co. has a 12-month low of $34.38 and a 12-month high of $51.72. The company's fifty day simple moving average is $45.02 and its two-hundred day simple moving average is $45.22.

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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