Wall Street Zen Upgrades Brookfield Infrastructure (NYSE:BIPC) to "Hold"

Key Points

• Brookfield Infrastructure was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating, reflecting a change in outlook for the stock.
• Morgan Stanley raised its price target for Brookfield Infrastructure from $45.00 to $46.00, maintaining an "equal weight" rating.
• Institutional investors now own 70.38% of Brookfield Infrastructure's stock, indicating strong interest among major investors.

Brookfield Infrastructure (NYSE:BIPC - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Sunday.

Separately, Morgan Stanley increased their price target on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $46.00.

Brookfield Infrastructure Price Performance

BIPC stock opened at $39.91 on Friday. Brookfield Infrastructure has a 1 year low of $32.08 and a 1 year high of $45.29. The company has a market cap of $4.75 billion, a P/E ratio of 27.72 and a beta of 1.38. The firm has a 50-day moving average of $40.59 and a 200 day moving average of $38.96.

Hedge Funds Weigh In On Brookfield Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in shares of Brookfield Infrastructure by 8.9% during the first quarter. Envestnet Asset Management Inc. now owns 904,535 shares of the company's stock valued at $32,729,000 after purchasing an additional 73,659 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Brookfield Infrastructure during the first quarter valued at approximately $660,000. Cerity Partners LLC purchased a new stake in shares of Brookfield Infrastructure during the first quarter valued at approximately $280,000. Fifth Third Bancorp grew its holdings in shares of Brookfield Infrastructure by 79.1% during the first quarter. Fifth Third Bancorp now owns 1,501 shares of the company's stock valued at $54,000 after buying an additional 663 shares during the last quarter. Finally, NBC Securities Inc. grew its holdings in shares of Brookfield Infrastructure by 113,633.3% during the first quarter. NBC Securities Inc. now owns 3,412 shares of the company's stock valued at $123,000 after buying an additional 3,409 shares during the last quarter. Institutional investors own 70.38% of the company's stock.

About Brookfield Infrastructure

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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