Quantinno Capital Management LP Acquires 45,476 Shares of Brookfield Infrastructure Co. $BIPC

Quantinno Capital Management LP boosted its holdings in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 243.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,194 shares of the company’s stock after buying an additional 45,476 shares during the period. Quantinno Capital Management LP owned approximately 0.05% of Brookfield Infrastructure worth $2,536,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC bought a new position in Brookfield Infrastructure in the 1st quarter valued at about $257,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Brookfield Infrastructure by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,451 shares of the company’s stock worth $2,586,000 after purchasing an additional 3,125 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Brookfield Infrastructure by 285.9% in the first quarter. NewEdge Advisors LLC now owns 10,250 shares of the company’s stock valued at $371,000 after purchasing an additional 7,594 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Brookfield Infrastructure by 752.7% during the first quarter. Jones Financial Companies Lllp now owns 9,431 shares of the company’s stock valued at $341,000 after buying an additional 8,325 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Brookfield Infrastructure by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,808 shares of the company’s stock worth $37,775,000 after buying an additional 18,648 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

Shares of BIPC opened at $39.37 on Monday. Brookfield Infrastructure Co. has a fifty-two week low of $34.18 and a fifty-two week high of $51.72. The business has a 50-day moving average of $40.21 and a 200 day moving average of $42.51. The firm has a market cap of $4.84 billion, a P/E ratio of 30.85 and a beta of 1.32.

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

Analysts Set New Price Targets

A number of research firms have issued reports on BIPC. Morgan Stanley reaffirmed an “underweight” rating and set a $48.00 price objective on shares of Brookfield Infrastructure in a report on Tuesday, July 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, Brookfield Infrastructure currently has an average rating of “Sell” and a consensus price target of $48.00.

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.