Scotia Capital Inc. Acquires 57,692 Shares of Brookfield Infrastructure Co. (NYSE:BIPC)

Key Points

• Scotia Capital Inc. increased its stake in Brookfield Infrastructure Co. by 4.6%, acquiring 57,692 shares and owning approximately 1.10% of the company, valued at $46.27 million.
• Shares of Brookfield Infrastructure opened at $38.42, experiencing a 1.6% decline, with a market cap of $4.57 billion and a twelve-month trading range of $32.08 to $45.29.
• Analysts have upgraded Brookfield Infrastructure from a "hold" rating to a "buy" rating as of July 6th, indicating positive sentiment about the stock's future performance.

Scotia Capital Inc. raised its position in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 4.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,304,699 shares of the company's stock after acquiring an additional 57,692 shares during the period. Scotia Capital Inc. owned about 1.10% of Brookfield Infrastructure worth $46,272,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BIPC. Vanguard Group Inc. raised its stake in shares of Brookfield Infrastructure by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 5,687,931 shares of the company's stock worth $228,128,000 after purchasing an additional 187,719 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Brookfield Infrastructure by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company's stock worth $115,624,000 after acquiring an additional 85,121 shares during the last quarter. Brown Advisory Inc. acquired a new position in Brookfield Infrastructure in the 1st quarter valued at $107,741,000. Geode Capital Management LLC grew its holdings in Brookfield Infrastructure by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 1,617,912 shares of the company's stock valued at $66,380,000 after buying an additional 82,393 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in Brookfield Infrastructure by 11.9% in the 1st quarter. TD Asset Management Inc now owns 1,297,388 shares of the company's stock valued at $46,910,000 after buying an additional 137,537 shares in the last quarter. Institutional investors own 70.38% of the company's stock.

Brookfield Infrastructure Stock Down 1.6%

Shares of BIPC stock opened at $38.42 on Friday. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $45.29. The company has a market cap of $4.57 billion, a P/E ratio of 26.68 and a beta of 1.37. The business has a fifty day simple moving average of $41.08 and a 200 day simple moving average of $39.25.

Analyst Ratings Changes

Separately, Wall Street Zen raised Brookfield Infrastructure from a "hold" rating to a "buy" rating in a report on Sunday, July 6th.

Brookfield Infrastructure Company Profile

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.

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