Brookfield Infrastructure Co. $BIPC Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,118,467 shares of the company's stock after buying an additional 83,626 shares during the period. Dimensional Fund Advisors LP owned approximately 0.91% of Brookfield Infrastructure worth $44,195,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Brookfield Infrastructure in the fourth quarter valued at approximately $71,014,000. Morgan Stanley boosted its stake in Brookfield Infrastructure by 33.3% during the 4th quarter. Morgan Stanley now owns 4,165,872 shares of the company's stock valued at $189,131,000 after purchasing an additional 1,041,474 shares in the last quarter. Bank of Montreal Can boosted its stake in Brookfield Infrastructure by 10.3% during the 4th quarter. Bank of Montreal Can now owns 5,289,204 shares of the company's stock valued at $240,120,000 after purchasing an additional 492,354 shares in the last quarter. Bank of America Corp DE increased its position in shares of Brookfield Infrastructure by 10.3% during the 3rd quarter. Bank of America Corp DE now owns 4,346,550 shares of the company's stock valued at $178,730,000 after purchasing an additional 406,485 shares during the period. Finally, Barclays PLC increased its position in shares of Brookfield Infrastructure by 73.4% during the 4th quarter. Barclays PLC now owns 911,482 shares of the company's stock valued at $41,381,000 after purchasing an additional 385,700 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Brookfield Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Brookfield Infrastructure in a report on Wednesday, June 24th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $48.00 price target on shares of Brookfield Infrastructure in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell" and a consensus price target of $48.00.

Brookfield Infrastructure Stock Performance

Shares of NYSE:BIPC opened at $42.27 on Monday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 30.85 and a beta of 1.32. Brookfield Infrastructure Co. has a 1-year low of $34.18 and a 1-year high of $51.72. The company has a 50 day moving average price of $40.40 and a 200 day moving average price of $42.68.

Brookfield Infrastructure (NYSE:BIPC - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.56) earnings per share (EPS) for the quarter. The business had revenue of $940.00 million during the quarter.

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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