JPMorgan Chase & Co. Has $11.19 Million Stake in Brookfield Infrastructure Co. $BIPC

JPMorgan Chase & Co. grew its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 272,157 shares of the company’s stock after buying an additional 12,161 shares during the period. JPMorgan Chase & Co.’s holdings in Brookfield Infrastructure were worth $11,191,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BIPC. AQR Capital Management LLC bought a new position in shares of Brookfield Infrastructure in the 1st quarter valued at approximately $257,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Brookfield Infrastructure by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,451 shares of the company’s stock valued at $2,586,000 after purchasing an additional 3,125 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Brookfield Infrastructure by 285.9% in the first quarter. NewEdge Advisors LLC now owns 10,250 shares of the company’s stock worth $371,000 after buying an additional 7,594 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Brookfield Infrastructure by 752.7% during the 1st quarter. Jones Financial Companies Lllp now owns 9,431 shares of the company’s stock worth $341,000 after buying an additional 8,325 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Brookfield Infrastructure by 1.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,043,808 shares of the company’s stock valued at $37,775,000 after buying an additional 18,648 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

BIPC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Brookfield Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Monday, December 29th. Finally, Morgan Stanley set a $57.00 price target on Brookfield Infrastructure in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Brookfield Infrastructure has a consensus rating of “Reduce” and a consensus price target of $57.00.

Brookfield Infrastructure Stock Performance

Shares of BIPC opened at $47.01 on Friday. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $51.72. The firm has a market capitalization of $5.64 billion, a P/E ratio of 30.85 and a beta of 1.36. The company has a 50-day simple moving average of $47.16 and a 200-day simple moving average of $44.81.

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.