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

Brookfield Infrastructure (NYSE:BIPC) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

BIPC has been the topic of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Monday, December 29th. Morgan Stanley reissued an “underweight” rating and set a $45.00 price objective (down from $57.00) on shares of Brookfield Infrastructure in a research report on Monday, March 23rd. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, Brookfield Infrastructure presently has an average rating of “Sell” and an average price target of $45.00.

Brookfield Infrastructure Stock Performance

BIPC opened at $37.83 on Friday. The stock has a market capitalization of $4.54 billion, a PE ratio of 30.85 and a beta of 1.36. Brookfield Infrastructure has a one year low of $32.08 and a one year high of $51.72. The business’s 50 day moving average price is $46.52 and its 200 day moving average price is $45.21.

Institutional Trading of Brookfield Infrastructure

Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Brookfield Infrastructure by 3.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 988,792 shares of the company’s stock valued at $40,659,000 after buying an additional 30,696 shares during the period. Barnett & Company Inc. lifted its stake in Brookfield Infrastructure by 54.7% during the 3rd quarter. Barnett & Company Inc. now owns 42,550 shares of the company’s stock worth $1,750,000 after acquiring an additional 15,050 shares in the last quarter. Citigroup Inc. boosted its holdings in Brookfield Infrastructure by 22.4% during the 3rd quarter. Citigroup Inc. now owns 467,633 shares of the company’s stock valued at $19,211,000 after acquiring an additional 85,511 shares during the period. Barclays PLC boosted its holdings in Brookfield Infrastructure by 32.9% during the 3rd quarter. Barclays PLC now owns 525,782 shares of the company’s stock valued at $21,620,000 after acquiring an additional 130,258 shares during the period. Finally, Bank of Montreal Can grew its position in 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 acquiring an additional 274,363 shares in the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

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.