Brookfield Infrastructure (NYSE:BIPC) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Brookfield Infrastructure (NYSE:BIPC) from a sell rating to a hold rating in a research report released on Saturday morning.

Several other research analysts have also issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Wednesday, June 24th. Morgan Stanley restated an “underweight” rating and issued a $48.00 target price on shares of Brookfield Infrastructure in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus target price of $48.00.

Brookfield Infrastructure Trading Down 0.8%

Shares of BIPC opened at $42.27 on Friday. Brookfield Infrastructure has a 1 year low of $34.18 and a 1 year high of $51.72. The stock has a 50 day simple moving average of $40.40 and a 200-day simple moving average of $42.69. The stock has a market cap of $5.20 billion, a PE ratio of 30.85 and a beta of 1.32.

Brookfield Infrastructure (NYSE:BIPC) last posted its earnings results on Thursday, July 30th. The company reported ($0.56) EPS for the quarter. The company had revenue of $940.00 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Brookfield Infrastructure in the 4th quarter worth approximately $71,014,000. Morgan Stanley lifted its holdings in Brookfield Infrastructure by 33.3% during the 4th quarter. Morgan Stanley now owns 4,165,872 shares of the company’s stock worth $189,131,000 after buying an additional 1,041,474 shares in the last quarter. Bank of Montreal Can boosted its position in Brookfield Infrastructure by 10.3% in the 4th quarter. Bank of Montreal Can now owns 5,289,204 shares of the company’s stock valued at $240,120,000 after buying an additional 492,354 shares during the last quarter. Bank of America Corp DE boosted its position in 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 buying an additional 406,485 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Brookfield Infrastructure by 73.4% in the 4th quarter. Barclays PLC now owns 911,482 shares of the company’s stock valued at $41,381,000 after buying an additional 385,700 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Company 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.