Opal Capital LLC Invests $6.40 Million in Brookfield Infrastructure Co. $BIPC

Opal Capital LLC acquired a new position in Brookfield Infrastructure Co. (NYSE:BIPC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 141,022 shares of the company’s stock, valued at approximately $6,402,000. Brookfield Infrastructure comprises 1.6% of Opal Capital LLC’s investment portfolio, making the stock its 21st biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Brookfield Infrastructure by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 6,022,513 shares of the company’s stock worth $273,407,000 after purchasing an additional 31,529 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Brookfield Infrastructure by 10.3% in the fourth quarter. Bank of Montreal Can now owns 5,289,204 shares of the company’s stock worth $240,120,000 after purchasing an additional 492,354 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Brookfield Infrastructure by 10.3% in the third quarter. Bank of America Corp DE now owns 4,346,550 shares of the company’s stock worth $178,730,000 after purchasing an additional 406,485 shares during the last quarter. Morgan Stanley raised its stake in shares of Brookfield Infrastructure by 33.3% in the fourth quarter. Morgan Stanley now owns 4,165,872 shares of the company’s stock worth $189,131,000 after purchasing an additional 1,041,474 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Brookfield Infrastructure by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 3,489,975 shares of the company’s stock worth $158,446,000 after purchasing an additional 71,814 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Trading Up 0.1%

Shares of BIPC opened at $40.58 on Wednesday. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 30.85 and a beta of 1.31. The stock has a 50 day moving average of $40.78 and a 200 day moving average of $44.00. Brookfield Infrastructure Co. has a 12 month low of $34.18 and a 12 month high of $51.72.

Analyst Upgrades and Downgrades

BIPC has been the subject of several analyst reports. Wall Street Zen downgraded Brookfield Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Morgan Stanley increased their price target on Brookfield Infrastructure from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell” and an average price target of $46.00.

Brookfield Infrastructure 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.