Public Employees Retirement System of Ohio Invests $1.32 Million in Brookfield Infrastructure Co. $BIPC

Public Employees Retirement System of Ohio acquired a new stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 34,173 shares of the company’s stock, valued at approximately $1,317,000.

Several other institutional investors also recently bought and sold shares of the business. Corrado Advisors LLC lifted its holdings in Brookfield Infrastructure by 0.6% during the fourth quarter. Corrado Advisors LLC now owns 38,425 shares of the company’s stock worth $1,744,000 after buying an additional 225 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Brookfield Infrastructure by 0.8% in the 4th quarter. Kestra Advisory Services LLC now owns 29,803 shares of the company’s stock valued at $1,353,000 after acquiring an additional 239 shares during the period. Hamilton Point Investment Advisors LLC raised its position in shares of Brookfield Infrastructure by 0.3% in the 1st quarter. Hamilton Point Investment Advisors LLC now owns 113,359 shares of the company’s stock worth $4,480,000 after acquiring an additional 313 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Brookfield Infrastructure by 3.4% during the 1st quarter. Bessemer Group Inc. now owns 9,612 shares of the company’s stock worth $380,000 after purchasing an additional 320 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Brookfield Infrastructure by 8.6% during the 3rd quarter. US Bancorp DE now owns 4,136 shares of the company’s stock worth $170,000 after purchasing an additional 326 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Trading Up 0.4%

Shares of BIPC opened at $37.50 on Wednesday. The firm has a market cap of $4.61 billion, a PE ratio of 30.85 and a beta of 1.31. Brookfield Infrastructure Co. has a 12 month low of $34.18 and a 12 month high of $51.72. The stock has a fifty day moving average price of $39.72 and a 200-day moving average price of $41.08.

Brookfield Infrastructure (NYSE:BIPC) last announced its 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 during the quarter.

Analyst Ratings Changes

Several research firms have issued reports on BIPC. Wall Street Zen upgraded Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley reissued an “underweight” rating and set a $50.00 price target on shares of Brookfield Infrastructure in a research report on Wednesday, August 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell” and an average price target of $50.00.

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.