Public Employees Retirement System of Ohio Invests $1.32 Million in Brookfield Infrastructure Co. $BIPC

Key Points

• Public Employees Retirement System of Ohio acquired 34,173 Brookfield Infrastructure shares worth approximately $1.32 million during the second quarter. Institutional investors collectively own 70.38% of the company’s stock.
• Brookfield Infrastructure shares opened at $37.50, near the lower end of their 12-month range of $34.18 to $51.72. The company reported quarterly revenue of $940 million and a loss of $0.56 per share.
• Analyst sentiment remains cautious: MarketBeat reports an average rating of “Sell” from two analysts, with a consensus price target of $50.00.

Public Employees Retirement System of Ohio acquired a new stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 34,173 shares of the company's stock, valued at approximately $1,317,000.

Several other institutional investors also recently bought and sold shares of the business. Corrado Advisors LLC lifted its holdings in Brookfield Infrastructure by 0.6% during the fourth quarter. Corrado Advisors LLC now owns 38,425 shares of the company's stock worth $1,744,000 after buying an additional 225 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Brookfield Infrastructure by 0.8% in the 4th quarter. Kestra Advisory Services LLC now owns 29,803 shares of the company's stock valued at $1,353,000 after acquiring an additional 239 shares during the period. Hamilton Point Investment Advisors LLC raised its position in shares of Brookfield Infrastructure by 0.3% in the 1st quarter. Hamilton Point Investment Advisors LLC now owns 113,359 shares of the company's stock worth $4,480,000 after acquiring an additional 313 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Brookfield Infrastructure by 3.4% during the 1st quarter. Bessemer Group Inc. now owns 9,612 shares of the company's stock worth $380,000 after purchasing an additional 320 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Brookfield Infrastructure by 8.6% during the 3rd quarter. US Bancorp DE now owns 4,136 shares of the company's stock worth $170,000 after purchasing an additional 326 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Trading Up 0.4%

Shares of BIPC opened at $37.50 on Wednesday. The firm has a market cap of $4.61 billion, a PE ratio of 30.85 and a beta of 1.31. Brookfield Infrastructure Co. has a 12 month low of $34.18 and a 12 month high of $51.72. The stock has a fifty day moving average price of $39.72 and a 200-day moving average price of $41.08.

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

Analyst Ratings Changes

Several research firms have issued reports on BIPC. Wall Street Zen upgraded Brookfield Infrastructure from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Morgan Stanley reissued an "underweight" rating and set a $50.00 price target on shares of Brookfield Infrastructure in a research report on Wednesday, August 12th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Brookfield Infrastructure in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Sell" and an average price target of $50.00.

About Brookfield Infrastructure

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.

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.