Fenimore Asset Management Inc Has $19.43 Million Stock Holdings in Brookfield Infrastructure Co. $BIPC

Key Points

• Fenimore Asset Management reduced its stake by 24.4% in Brookfield Infrastructure during Q4, selling 138,372 shares and leaving it with 427,910 shares worth about $19.43 million (≈0.36% ownership).
• Analyst sentiment has turned negative with Morgan Stanley reiterating an underweight and cutting its target to $45 (from $57), while Weiss Ratings and Wall Street Zen have issued sell/downgrade calls — the stock's average rating is currently "Sell" with an average price target of $45.
• Brookfield Infrastructure opened at $37.43, trades in a 12‑month range of $34.18–$51.72, has a market cap of about $4.6 billion and a P/E of 30.85, and is largely institutionally held (approximately 70.38% ownership).

Fenimore Asset Management Inc reduced its stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 24.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 427,910 shares of the company's stock after selling 138,372 shares during the period. Fenimore Asset Management Inc owned approximately 0.36% of Brookfield Infrastructure worth $19,427,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BIPC. HighTower Advisors LLC raised its holdings 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 buying an additional 1,011,401 shares during the period. Bank of America Corp DE raised its holdings in 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 worth $178,730,000 after buying an additional 406,485 shares during the period. Focus Partners Wealth raised its holdings in Brookfield Infrastructure by 63.8% during the 3rd quarter. Focus Partners Wealth now owns 766,236 shares of the company's stock worth $31,510,000 after buying an additional 298,480 shares during the period. Bank of Montreal Can raised its holdings in Brookfield Infrastructure by 6.1% during the 3rd quarter. Bank of Montreal Can now owns 4,796,850 shares of the company's stock worth $197,246,000 after buying an additional 274,363 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Brookfield Infrastructure by 36.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 926,731 shares of the company's stock worth $38,109,000 after buying an additional 247,273 shares during the period. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Up 1.2%

NYSE BIPC opened at $37.43 on Friday. Brookfield Infrastructure Co. has a 12-month low of $34.18 and a 12-month high of $51.72. The company has a market capitalization of $4.60 billion, a PE ratio of 30.85 and a beta of 1.29. The firm's 50 day moving average is $42.93 and its 200-day moving average is $44.96.

Analysts Set New Price Targets

Several brokerages have commented on BIPC. Morgan Stanley restated an "underweight" rating and set a $45.00 target price (down from $57.00) on shares of Brookfield Infrastructure in a report on Monday, March 23rd. Weiss Ratings restated a "sell (d-)" rating on shares of Brookfield Infrastructure in a report on Friday, March 27th. Finally, Wall Street Zen downgraded shares of Brookfield Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell" and an average price target of $45.00.

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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