Brown Advisory Inc. Sells 92,164 Shares of Brookfield Infrastructure Co. $BIPC

Brown Advisory Inc. reduced its position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,824,144 shares of the company’s stock after selling 92,164 shares during the period. Brown Advisory Inc.’s holdings in Brookfield Infrastructure were worth $128,213,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Brookfield Infrastructure by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 6,022,513 shares of the company’s stock worth $273,407,000 after buying an additional 31,529 shares during the period. Bank of Montreal Can lifted its position in shares of Brookfield Infrastructure by 10.3% in the fourth quarter. Bank of Montreal Can now owns 5,289,204 shares of the company’s stock worth $240,120,000 after purchasing an additional 492,354 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Brookfield Infrastructure by 10.3% in the third quarter. Bank of America Corp DE now owns 4,346,550 shares of the company’s stock worth $178,730,000 after purchasing an additional 406,485 shares in the last quarter. Morgan Stanley raised its position in Brookfield Infrastructure by 33.3% during the fourth quarter. Morgan Stanley now owns 4,165,872 shares of the company’s stock worth $189,131,000 after acquiring an additional 1,041,474 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Brookfield Infrastructure by 2.1% during the fourth quarter. Principal Financial Group Inc. now owns 3,489,975 shares of the company’s stock worth $158,446,000 after acquiring an additional 71,814 shares in the last quarter. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Down 0.1%

Shares of BIPC stock opened at $40.40 on Friday. The firm has a market capitalization of $4.97 billion, a PE ratio of 30.85 and a beta of 1.31. The firm has a fifty day simple moving average of $40.77 and a two-hundred day simple moving average of $44.07. Brookfield Infrastructure Co. has a 12 month low of $34.18 and a 12 month high of $51.72.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BIPC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Friday, March 27th. Wall Street Zen lowered shares of Brookfield Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley increased their price objective on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell” and an average target price of $46.00.

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.