Brookfield Infrastructure Co. $BIPC Shares Purchased by Intact Investment Management Inc.

Key Points

• Intact Investment Management boosted its stake in Brookfield Infrastructure by 527% in Q4, adding 39,000 shares to hold 46,400 shares now valued at about $2.106 million.
• Analyst sentiment is negative: the consensus rating is Sell with a consensus target price of $45, and firms including Morgan Stanley and Weiss Ratings have recently issued downgrades or sell calls.
• BIPC is trading around $37.08—below the $45 consensus target—with a market cap of $4.56 billion, a PE of 30.85, a 12-month range of $34.18–$51.72, and roughly 70.38% institutional ownership.

Intact Investment Management Inc. boosted its position in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 527.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,400 shares of the company's stock after acquiring an additional 39,000 shares during the quarter. Intact Investment Management Inc.'s holdings in Brookfield Infrastructure were worth $2,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. City Holding Co. acquired a new position in Brookfield Infrastructure in the third quarter valued at $25,000. Geneos Wealth Management Inc. boosted its holdings in Brookfield Infrastructure by 338.3% in the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the company's stock valued at $26,000 after acquiring an additional 548 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Brookfield Infrastructure by 374.9% in the third quarter. Smartleaf Asset Management LLC now owns 812 shares of the company's stock valued at $34,000 after acquiring an additional 641 shares during the last quarter. Optiver Holding B.V. acquired a new position in Brookfield Infrastructure in the third quarter valued at $39,000. Finally, Citizens National Bank Trust Department acquired a new position in Brookfield Infrastructure in the third quarter valued at $41,000. Institutional investors and hedge funds own 70.38% of the company's stock.

Analysts Set New Price Targets

BIPC has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookfield Infrastructure in a report on Friday, March 27th. Morgan Stanley reiterated an "underweight" rating and issued a $45.00 target price (down from $57.00) on shares of Brookfield Infrastructure in a report on Monday, March 23rd. Finally, Wall Street Zen cut Brookfield Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Sell" and a consensus target price of $45.00.

Brookfield Infrastructure Price Performance

Shares of BIPC opened at $37.08 on Tuesday. The stock's 50-day moving average is $42.93 and its two-hundred day moving average is $44.95. The stock has a market cap of $4.56 billion, a PE ratio of 30.85 and a beta of 1.29. Brookfield Infrastructure Co. has a 12 month low of $34.18 and a 12 month high of $51.72.

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.

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