TrueMark Investments LLC Acquires Shares of 139,756 Brookfield Infrastructure Co. $BIPC

TrueMark Investments LLC bought a new position in Brookfield Infrastructure Co. (NYSE:BIPC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 139,756 shares of the company’s stock, valued at approximately $6,345,000. TrueMark Investments LLC owned 0.12% of Brookfield Infrastructure at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Curated Wealth Partners LLC purchased a new stake in shares of Brookfield Infrastructure in the 4th quarter valued at approximately $210,000. DAVENPORT & Co LLC grew its position in 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 in the last quarter. SG Americas Securities LLC raised its stake in Brookfield Infrastructure by 128.6% during the 4th quarter. SG Americas Securities LLC now owns 22,819 shares of the company’s stock valued at $1,036,000 after purchasing an additional 12,837 shares during the period. Baker Tilly Wealth Management LLC raised its stake in 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 during the period. Finally, Firethorn Wealth Partners LLC purchased a new stake in shares of Brookfield Infrastructure in the fourth quarter valued at $220,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Friday. Wall Street Zen lowered Brookfield Infrastructure from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Morgan Stanley reissued an “underweight” rating and issued a $45.00 price objective (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 data from MarketBeat, the company presently has a consensus rating of “Sell” and an average target price of $45.00.

Brookfield Infrastructure Trading Up 0.2%

Shares of NYSE:BIPC opened at $37.83 on Monday. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 30.85 and a beta of 1.36. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $51.72. The business has a fifty day simple moving average of $46.52 and a 200 day simple moving average of $45.21.

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.