TD Waterhouse Canada Inc. Increases Stake in Brookfield Infrastructure Co. $BIPC

TD Waterhouse Canada Inc. increased its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,010,191 shares of the company’s stock after acquiring an additional 162,994 shares during the period. TD Waterhouse Canada Inc.’s holdings in Brookfield Infrastructure were worth $76,964,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Brookfield Infrastructure by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,022,513 shares of the company’s stock valued at $273,407,000 after purchasing an additional 31,529 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Brookfield Infrastructure by 243.0% during the 1st quarter. Quantinno Capital Management LP now owns 64,194 shares of the company’s stock worth $2,536,000 after buying an additional 45,476 shares during the last quarter. Strs Ohio increased its holdings in shares of Brookfield Infrastructure by 257.6% during the 4th quarter. Strs Ohio now owns 32,900 shares of the company’s stock worth $1,494,000 after buying an additional 23,700 shares during the last quarter. Groupe la Francaise acquired a new position in Brookfield Infrastructure in the first quarter valued at $2,318,000. Finally, Royal Bank of Canada grew its position in Brookfield Infrastructure by 8.2% during the first 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. 70.38% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

Shares of BIPC opened at $37.19 on Friday. Brookfield Infrastructure Co. has a 12 month low of $34.18 and a 12 month high of $51.72. The stock’s 50-day moving average is $39.80 and its two-hundred day moving average is $41.32. The stock has a market cap of $4.57 billion, a PE ratio of 30.85 and a beta of 1.31.

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

Analyst Upgrades and Downgrades

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

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.