Morgan Stanley Boosts Brookfield Infrastructure (NYSE:BIPC) Price Target to $46.00

Brookfield Infrastructure (NYSE:BIPC) had its price objective lifted by analysts at Morgan Stanley from $45.00 to $46.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 15.43% from the company’s current price.

Separately, Wall Street Zen cut shares of Brookfield Infrastructure from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.00.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock traded up $0.09 during midday trading on Tuesday, hitting $39.85. The company’s stock had a trading volume of 19,392 shares, compared to its average volume of 640,480. Brookfield Infrastructure has a 1-year low of $32.08 and a 1-year high of $45.29. The company has a 50-day moving average price of $40.75 and a two-hundred day moving average price of $39.04. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 27.67 and a beta of 1.39.

Institutional Investors Weigh In On Brookfield Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in shares of Brookfield Infrastructure by 343.4% in the 4th quarter. NewEdge Advisors LLC now owns 2,656 shares of the company’s stock worth $106,000 after purchasing an additional 2,057 shares during the period. First Trust Advisors LP acquired a new position in shares of Brookfield Infrastructure in the 4th quarter worth approximately $1,274,000. Stifel Financial Corp lifted its position in shares of Brookfield Infrastructure by 5.4% in the 4th quarter. Stifel Financial Corp now owns 159,876 shares of the company’s stock worth $6,397,000 after purchasing an additional 8,173 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Brookfield Infrastructure by 20.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,145 shares of the company’s stock worth $1,887,000 after purchasing an additional 7,922 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Brookfield Infrastructure by 9.0% in the 4th quarter. Northern Trust Corp now owns 975,969 shares of the company’s stock worth $39,049,000 after purchasing an additional 80,476 shares during the period. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Company Profile

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.