Tudor Investment Corp ET AL Grows Holdings in Brookfield Infrastructure Co. $BIPC

Tudor Investment Corp ET AL raised its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 332.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,070 shares of the company’s stock after buying an additional 65,401 shares during the period. Tudor Investment Corp ET AL owned about 0.07% of Brookfield Infrastructure worth $3,498,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Brookfield Infrastructure by 3.2% in the third quarter. Envestnet Asset Management Inc. now owns 988,792 shares of the company’s stock valued at $40,659,000 after acquiring an additional 30,696 shares during the last quarter. Barnett & Company Inc. increased its position in shares of Brookfield Infrastructure by 54.7% during the 3rd quarter. Barnett & Company Inc. now owns 42,550 shares of the company’s stock valued at $1,750,000 after purchasing an additional 15,050 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Brookfield Infrastructure by 22.4% during the 3rd quarter. Citigroup Inc. now owns 467,633 shares of the company’s stock valued at $19,211,000 after buying an additional 85,511 shares in the last quarter. Barclays PLC lifted its position in Brookfield Infrastructure by 32.9% in the 3rd quarter. Barclays PLC now owns 525,782 shares of the company’s stock worth $21,620,000 after buying an additional 130,258 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Brookfield Infrastructure by 6.1% in 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. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley reissued an “underweight” rating and set a $45.00 price target (down from $57.00) on shares of Brookfield Infrastructure in a research note on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Monday, December 29th. Finally, Wall Street Zen raised Brookfield Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Brookfield Infrastructure currently has a consensus rating of “Sell” and an average target price of $45.00.

Brookfield Infrastructure Stock Up 1.1%

Shares of BIPC opened at $38.68 on Friday. The stock has a market capitalization of $4.64 billion, a P/E ratio of 30.85 and a beta of 1.36. Brookfield Infrastructure Co. has a twelve month low of $32.08 and a twelve month high of $51.72. The firm has a fifty day simple moving average of $46.67 and a two-hundred day simple moving average of $45.16.

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.