TD Waterhouse Canada Inc. Sells 43,780 Shares of Brookfield Infrastructure Co. $BIPC

TD Waterhouse Canada Inc. lowered its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,966,411 shares of the company’s stock after selling 43,780 shares during the period. TD Waterhouse Canada Inc.’s holdings in Brookfield Infrastructure were worth $70,300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of Brookfield Infrastructure during the second quarter worth $14,071,000. Royal Bank of Canada increased its position in shares of Brookfield Infrastructure by 8.2% in the 1st quarter. Royal Bank of Canada now owns 3,814,402 shares of the company’s stock valued at $150,746,000 after acquiring an additional 288,349 shares during the period. Credit Industriel ET Commercial acquired a new position in shares of Brookfield Infrastructure in the 1st quarter valued at $9,234,000. Dimensional Fund Advisors LP raised its stake in Brookfield Infrastructure by 8.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,118,467 shares of the company’s stock worth $44,195,000 after acquiring an additional 83,626 shares during the last quarter. Finally, Groupe la Francaise purchased a new position in Brookfield Infrastructure in the 1st quarter worth $2,318,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen raised Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley cut their price objective on Brookfield Infrastructure from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Tuesday. Finally, Weiss Ratings cut Brookfield Infrastructure from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Two analysts have rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus price target of $48.00.

Brookfield Infrastructure Trading Up 0.3%

NYSE BIPC traded up $0.12 on Friday, hitting $37.75. 1,654,562 shares of the company’s stock traded hands, compared to its average volume of 1,040,487. Brookfield Infrastructure Co. has a 1-year low of $34.18 and a 1-year high of $51.72. The firm’s 50-day moving average price is $37.47 and its two-hundred day moving average price is $39.37. The firm has a market capitalization of $4.64 billion, a PE ratio of 30.85 and a beta of 1.33.

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

Brookfield Infrastructure Profile

Brookfield Infrastructure Corporation (NYSE: BIPC) is a global infrastructure company that owns and operates essential assets through its relationship with Brookfield Infrastructure Partners. Its portfolio is organized around utilities, transport, midstream and data infrastructure, with businesses serving industries and customers that depend on reliable infrastructure networks.

The company’s assets include electricity transmission and distribution systems, natural gas and other energy infrastructure, transportation facilities such as ports, rail and toll roads, and digital infrastructure including data centers and telecommunications networks.