TrueMark Investments LLC Purchases New Position in Brookfield Infrastructure Co. $BIPC

TrueMark Investments LLC acquired a new position in Brookfield Infrastructure Co. (NYSE:BIPC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 139,756 shares of the company’s stock, valued at approximately $6,345,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIPC. Curated Wealth Partners LLC acquired a new stake in Brookfield Infrastructure in the fourth quarter valued at approximately $210,000. DAVENPORT & Co LLC increased its stake in shares of Brookfield Infrastructure by 0.9% during the 4th quarter. DAVENPORT & Co LLC now owns 67,313 shares of the company’s stock worth $3,056,000 after purchasing an additional 625 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Brookfield Infrastructure by 128.6% during the 4th quarter. SG Americas Securities LLC now owns 22,819 shares of the company’s stock worth $1,036,000 after purchasing an additional 12,837 shares during the last quarter. Baker Tilly Wealth Management LLC raised its holdings in shares of Brookfield Infrastructure by 8.1% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 10,968 shares of the company’s stock valued at $498,000 after purchasing an additional 826 shares in the last quarter. Finally, Firethorn Wealth Partners LLC bought a new position in shares of Brookfield Infrastructure during the 4th quarter valued at $220,000. Institutional investors own 70.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Friday. Wall Street Zen lowered Brookfield Infrastructure from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Morgan Stanley reiterated 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, March 23rd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Brookfield Infrastructure has an average rating of “Sell” and an average target price of $45.00.

Brookfield Infrastructure Stock Up 0.2%

BIPC opened at $37.83 on Monday. The stock’s 50 day moving average price is $46.52 and its two-hundred day moving average price is $45.21. The firm has a market capitalization of $4.54 billion, a P/E ratio of 30.85 and a beta of 1.36. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $51.72.

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.