Brookfield Infrastructure Co. $BIPC Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC grew its position in Brookfield Infrastructure Co. (NYSE:BIPC) by 12.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 123,526 shares of the company’s stock after buying an additional 13,424 shares during the period. Natixis Advisors LLC’s holdings in Brookfield Infrastructure were worth $5,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BIPC. Norges Bank bought a new position in Brookfield Infrastructure in the 4th quarter worth about $71,014,000. HighTower Advisors LLC boosted its holdings in shares of Brookfield Infrastructure by 66.4% in the third quarter. HighTower Advisors LLC now owns 2,533,525 shares of the company’s stock valued at $104,178,000 after acquiring an additional 1,011,401 shares in the last quarter. Bank of America Corp DE boosted its holdings 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 valued at $178,730,000 after acquiring an additional 406,485 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Brookfield Infrastructure by 63.8% in the third quarter. Focus Partners Wealth now owns 766,236 shares of the company’s stock valued at $31,510,000 after acquiring an additional 298,480 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Brookfield Infrastructure by 6.1% during the third quarter. Bank of Montreal Can now owns 4,796,850 shares of the company’s stock worth $197,246,000 after buying an additional 274,363 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BIPC shares. Morgan Stanley upped their price target on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, May 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Friday, March 27th. Finally, Wall Street Zen lowered shares of Brookfield Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, Brookfield Infrastructure has a consensus rating of “Sell” and a consensus target price of $46.00.

Brookfield Infrastructure Trading Down 1.4%

BIPC stock opened at $40.72 on Tuesday. The firm has a market cap of $5.01 billion, a PE ratio of 30.85 and a beta of 1.31. Brookfield Infrastructure Co. has a 1 year low of $34.18 and a 1 year high of $51.72. The company has a fifty day simple moving average of $40.60 and a 200 day simple moving average of $44.16.

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.