Vanguard Group Inc. Has $273.41 Million Stock Position in Brookfield Infrastructure Co. $BIPC

Key Points

• Vanguard Group increased its stake in Brookfield Infrastructure by 0.5% in the fourth quarter, ending with 6.02 million shares valued at about $273.4 million and representing 5.02% ownership.
• Several other institutional investors also raised their holdings, and hedge funds and institutions now own 70.38% of Brookfield Infrastructure’s stock.
• Analyst sentiment is weak: recent ratings include downgrades to sell, and the stock currently has an average analyst rating of Sell with a $45 price target.

Vanguard Group Inc. lifted its stake in Brookfield Infrastructure Co. (NYSE:BIPC - Free Report) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,022,513 shares of the company's stock after purchasing an additional 31,529 shares during the quarter. Vanguard Group Inc. owned 5.02% of Brookfield Infrastructure worth $273,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of BIPC. HighTower Advisors LLC boosted its position in shares of Brookfield Infrastructure by 66.4% in the 3rd quarter. HighTower Advisors LLC now owns 2,533,525 shares of the company's stock valued at $104,178,000 after purchasing an additional 1,011,401 shares during the period. Bank of America Corp DE boosted its position in shares of Brookfield Infrastructure by 10.3% in the 3rd quarter. Bank of America Corp DE now owns 4,346,550 shares of the company's stock valued at $178,730,000 after purchasing an additional 406,485 shares during the period. Focus Partners Wealth boosted its position in shares of Brookfield Infrastructure by 63.8% in the 3rd quarter. Focus Partners Wealth now owns 766,236 shares of the company's stock valued at $31,510,000 after purchasing an additional 298,480 shares during the period. Bank of Montreal Can boosted its position in shares of Brookfield Infrastructure by 6.1% in the 3rd quarter. Bank of Montreal Can now owns 4,796,850 shares of the company's stock valued at $197,246,000 after purchasing an additional 274,363 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Brookfield Infrastructure by 36.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 926,731 shares of the company's stock valued at $38,109,000 after purchasing an additional 247,273 shares during the period. Institutional investors and hedge funds own 70.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen lowered Brookfield Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, May 2nd. Morgan Stanley reiterated an "underweight" rating and issued a $45.00 price target (down from $57.00) on shares of Brookfield Infrastructure in a research report on Monday, March 23rd. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Brookfield Infrastructure in a research report on Friday, March 27th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of "Sell" and an average target price of $45.00.

Brookfield Infrastructure Trading Down 0.4%

Shares of NYSE BIPC opened at $38.98 on Friday. Brookfield Infrastructure Co. has a one year low of $34.18 and a one year high of $51.72. The firm has a market capitalization of $4.79 billion, a PE ratio of 30.85 and a beta of 1.29. The business has a 50-day moving average price of $42.36 and a two-hundred day moving average price of $44.80.

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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