Brookfield Infrastructure Co. $BIPC Stock Sold by Copeland Capital Management LLC

Key Points

• Copeland Capital Management cut its Brookfield Infrastructure stake by 24.2% in the third quarter, selling 241,147 shares and retaining 756,208 shares valued at approximately $26.9 million.
• Institutional investors and hedge funds own 70.38% of BIPC, with several smaller firms either initiating or significantly increasing positions.
• Analyst sentiment remains negative: Morgan Stanley lowered its price target to $48 and maintained an “underweight” rating, while the stock has a consensus “sell” rating and traded at $36.63.

Copeland Capital Management LLC reduced its holdings in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 24.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 756,208 shares of the company's stock after selling 241,147 shares during the quarter. Copeland Capital Management LLC owned about 0.61% of Brookfield Infrastructure worth $26,929,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew 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 buying an additional 529 shares during the period. Versant Capital Management Inc increased its stake in shares of Brookfield Infrastructure by 367.8% in the 3rd quarter. Versant Capital Management Inc now owns 697 shares of the company's stock valued at $25,000 after acquiring an additional 548 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of Brookfield Infrastructure during the 2nd quarter valued at $27,000. Motiv8 Investments LLC acquired a new position in shares of Brookfield Infrastructure during the 4th quarter valued at $34,000. Finally, IFP Advisors Inc lifted its position in shares of Brookfield Infrastructure by 369.5% during the 2nd quarter. IFP Advisors Inc now owns 831 shares of the company's stock valued at $32,000 after acquiring an additional 654 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on BIPC. Morgan Stanley reduced their price target on shares of Brookfield Infrastructure from $50.00 to $48.00 and set an "underweight" rating for the company in a report on Tuesday. Wall Street Zen upgraded shares of Brookfield Infrastructure from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Weiss Ratings cut shares of Brookfield Infrastructure from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell" and a consensus target price of $48.00.

Brookfield Infrastructure Trading Down 0.9%

NYSE BIPC opened at $36.63 on Wednesday. The company has a market cap of $4.51 billion, a P/E ratio of 30.85 and a beta of 1.33. The company has a fifty day simple moving average of $37.61 and a 200 day simple moving average of $39.39. Brookfield Infrastructure Co. has a 12-month low of $34.18 and a 12-month high of $51.72.

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

Brookfield Infrastructure Company Profile

Brookfield Infrastructure Corporation NYSE: BIPC is a global infrastructure company that owns and operates essential assets through its relationship with Brookfield Infrastructure Partners. Its portfolio is organized around utilities, transport, midstream and data infrastructure, with businesses serving industries and customers that depend on reliable infrastructure networks.

The company's assets include electricity transmission and distribution systems, natural gas and other energy infrastructure, transportation facilities such as ports, rail and toll roads, and digital infrastructure including data centers and telecommunications networks.

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