Brookfield Infrastructure (NYSE:BIPC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Brookfield Infrastructure (NYSE:BIPC) from a sell rating to a hold rating in a research report released on Saturday morning.

BIPC has been the topic of several other research reports. Morgan Stanley reissued an “underweight” rating and set a $48.00 target price on shares of Brookfield Infrastructure in a research report on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Wednesday, June 24th. Two equities 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 a consensus price target of $48.00.

Brookfield Infrastructure Price Performance

Shares of BIPC stock opened at $40.53 on Friday. The firm has a 50-day moving average of $40.36 and a 200-day moving average of $42.65. The company has a market cap of $4.99 billion, a P/E ratio of 30.85 and a beta of 1.32. Brookfield Infrastructure has a one year low of $34.18 and a one year high of $51.72.

Brookfield Infrastructure (NYSE:BIPC) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.56) earnings per share for the quarter. The company had revenue of $940.00 million for the quarter.

Institutional Trading of Brookfield Infrastructure

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Brookfield Infrastructure by 1,125.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 576 shares of the company’s stock worth $26,000 after acquiring an additional 529 shares during the period. Geneos Wealth Management Inc. raised its stake in Brookfield Infrastructure by 338.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock valued at $26,000 after acquiring an additional 548 shares during the period. Motiv8 Investments LLC bought a new stake in Brookfield Infrastructure in the 4th quarter valued at about $34,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Brookfield Infrastructure during the fourth quarter valued at about $42,000. Finally, Johnson Financial Group Inc. lifted its holdings in Brookfield Infrastructure by 260.7% during the third quarter. Johnson Financial Group Inc. now owns 1,147 shares of the company’s stock valued at $47,000 after purchasing an additional 829 shares during the last quarter. 70.38% of the stock is currently 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.