Strs Ohio Has $1.49 Million Position in Brookfield Infrastructure Co. $BIPC

Strs Ohio boosted its holdings in Brookfield Infrastructure Co. (NYSE:BIPC) by 257.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,900 shares of the company’s stock after acquiring an additional 23,700 shares during the period. Strs Ohio’s holdings in Brookfield Infrastructure were worth $1,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. City Holding Co. acquired a new position in shares of Brookfield Infrastructure in the third quarter valued at $25,000. Geneos Wealth Management Inc. raised its position in shares of Brookfield Infrastructure by 338.3% in the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock valued at $26,000 after purchasing an additional 548 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Brookfield Infrastructure by 374.9% during the 3rd quarter. Smartleaf Asset Management LLC now owns 812 shares of the company’s stock worth $34,000 after buying an additional 641 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Brookfield Infrastructure during the 3rd quarter worth about $39,000. Finally, Citizens National Bank Trust Department bought a new stake in shares of Brookfield Infrastructure during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

BIPC opened at $39.57 on Thursday. The stock has a fifty day moving average of $42.56 and a 200-day moving average of $44.84. The company has a market capitalization of $4.87 billion, a P/E ratio of 30.85 and a beta of 1.29. Brookfield Infrastructure Co. has a fifty-two week low of $34.18 and a fifty-two week high of $51.72.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BIPC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Friday, March 27th. Wall Street Zen cut Brookfield Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $45.00 target price (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 data from MarketBeat, Brookfield Infrastructure has an average rating of “Sell” and a consensus target price of $45.00.

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.