Brookfield Infrastructure (NYSE:BIPC) Shares Down 4.6% – Time to Sell?

Brookfield Infrastructure Co. (NYSE:BIPC) traded down 4.6% on Tuesday . The stock traded as low as $43.95 and last traded at $44.11. 555,304 shares were traded during trading, a decline of 20% from the average session volume of 691,892 shares. The stock had previously closed at $46.24.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Brookfield Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Morgan Stanley set a $57.00 price objective on shares of Brookfield Infrastructure in a research note on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $57.00.

Brookfield Infrastructure Stock Down 4.9%

The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 30.85 and a beta of 1.36. The company has a 50 day simple moving average of $47.33 and a 200-day simple moving average of $45.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Corrado Advisors LLC grew its position in Brookfield Infrastructure by 0.6% in the 4th quarter. Corrado Advisors LLC now owns 38,425 shares of the company’s stock valued at $1,744,000 after purchasing an additional 225 shares during the period. Kestra Advisory Services LLC grew its position in Brookfield Infrastructure by 0.8% during the fourth quarter. Kestra Advisory Services LLC now owns 29,803 shares of the company’s stock valued at $1,353,000 after buying an additional 239 shares during the period. Chapman Financial Group LLC grew its position in shares of Brookfield Infrastructure by 3.0% during the 4th quarter. Chapman Financial Group LLC now owns 8,946 shares of the company’s stock valued at $406,000 after acquiring an additional 260 shares during the period. Benjamin Edwards Inc. grew its holdings in Brookfield Infrastructure by 2.4% during the fourth quarter. Benjamin Edwards Inc. now owns 11,751 shares of the company’s stock valued at $534,000 after purchasing an additional 274 shares during the period. Finally, US Bancorp DE increased its holdings in Brookfield Infrastructure by 8.6% in the 3rd quarter. US Bancorp DE now owns 4,136 shares of the company’s stock worth $170,000 after acquiring an additional 326 shares during the last quarter. 70.38% of the stock is owned by institutional investors.

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.