Brookfield Infrastructure Co. $BIPC Shares Bought by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Brookfield Infrastructure stake by 8.8% in the second quarter, adding 162,994 shares to hold 2.01 million shares worth approximately $77 million. Institutional investors and hedge funds collectively own 70.38% of BIPC.
• Analyst sentiment remains negative: Brookfield Infrastructure has a consensus “Sell” rating and an average price target of $50, with Morgan Stanley maintaining an “underweight” rating.
• BIPC opened at $37.19, well below its one-year high of $51.72. In its latest quarter, the company reported a loss of $0.56 per share on revenue of $940 million.

TD Waterhouse Canada Inc. raised its holdings in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 8.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,010,191 shares of the company's stock after purchasing an additional 162,994 shares during the period. TD Waterhouse Canada Inc. owned 1.63% of Brookfield Infrastructure worth $76,964,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd raised 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 purchasing an additional 529 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Brookfield Infrastructure by 338.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the company's stock valued at $26,000 after buying an additional 548 shares during the last quarter. Compass Financial Management LLC acquired a new stake in Brookfield Infrastructure during the 2nd quarter valued at $27,000. Motiv8 Investments LLC purchased a new position in Brookfield Infrastructure during the fourth quarter worth $34,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Brookfield Infrastructure during the fourth quarter worth $42,000. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BIPC. Wall Street Zen raised Brookfield Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Brookfield Infrastructure in a research note on Wednesday, June 24th. Finally, Morgan Stanley reiterated an "underweight" rating and set a $50.00 price objective on shares of Brookfield Infrastructure in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, Brookfield Infrastructure has a consensus rating of "Sell" and an average target price of $50.00.

Brookfield Infrastructure Stock Performance

Shares of NYSE BIPC opened at $37.19 on Friday. The firm has a market cap of $4.57 billion, a P/E ratio of 30.85 and a beta of 1.31. Brookfield Infrastructure Co. has a 1 year low of $34.18 and a 1 year high of $51.72. The firm's 50 day moving average price is $39.80 and its 200 day moving average price is $41.32.

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

Brookfield Infrastructure Profile

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.

Want to see what other hedge funds are holding BIPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Infrastructure Co. (NYSE:BIPC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.