Brookfield Infrastructure Co. $BIPC Shares Purchased by Bank of Montreal Can

Key Points

• Bank of Montreal Can increased its stake in Brookfield Infrastructure by 6.1% in Q3, buying 274,363 shares to hold 4,796,850 shares (about 4.03%) valued at roughly $197.25 million.
• Other large institutions — including Norges Bank, HighTower, Dimensional, Federated Hermes and CIBC — also built or expanded positions, and hedge funds/institutions now own 70.38% of the company's stock.
• Analyst views are mixed: Wall Street Zen upgraded BIPC to a "buy" while Weiss Ratings reaffirmed a "sell," Morgan Stanley set a $57 price target, and MarketBeat's average rating remains "Reduce" with an average target of $57.00.

Bank of Montreal Can lifted its stake in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 6.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,796,850 shares of the company's stock after purchasing an additional 274,363 shares during the quarter. Bank of Montreal Can owned about 4.03% of Brookfield Infrastructure worth $197,246,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Brookfield Infrastructure in the 2nd quarter valued at $64,433,000. HighTower Advisors LLC lifted its position in Brookfield Infrastructure by 66.4% during the 3rd quarter. HighTower Advisors LLC now owns 2,533,525 shares of the company's stock worth $104,178,000 after acquiring an additional 1,011,401 shares during the period. Dimensional Fund Advisors LP grew its stake in Brookfield Infrastructure by 36.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 926,731 shares of the company's stock valued at $38,109,000 after purchasing an additional 247,273 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Brookfield Infrastructure by 10,734.2% in the third quarter. Federated Hermes Inc. now owns 180,931 shares of the company's stock valued at $7,440,000 after purchasing an additional 179,261 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in shares of Brookfield Infrastructure by 36.1% in the third quarter. CIBC Asset Management Inc now owns 588,145 shares of the company's stock valued at $24,185,000 after purchasing an additional 155,979 shares during the period. Hedge funds and other institutional investors own 70.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BIPC shares. Wall Street Zen raised Brookfield Infrastructure from a "hold" rating to a "buy" rating in a report on Saturday, December 6th. Morgan Stanley set a $57.00 price target on shares of Brookfield Infrastructure in a research report on Wednesday, January 28th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Brookfield Infrastructure in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Brookfield Infrastructure has an average rating of "Reduce" and an average target price of $57.00.

Brookfield Infrastructure Stock Up 1.6%

Shares of BIPC opened at $46.97 on Wednesday. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 30.85 and a beta of 1.36. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $51.72. The stock's 50-day moving average price is $47.20 and its 200-day moving average price is $45.04.

Brookfield Infrastructure Company 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.

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