SG Americas Securities LLC Acquires 12,837 Shares of Brookfield Infrastructure Co. $BIPC

SG Americas Securities LLC grew its holdings in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 128.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,819 shares of the company’s stock after buying an additional 12,837 shares during the period. SG Americas Securities LLC’s holdings in Brookfield Infrastructure were worth $1,036,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Baker Tilly Wealth Management LLC boosted 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 worth $498,000 after buying an additional 826 shares in the last quarter. Firethorn Wealth Partners LLC bought a new position in shares of Brookfield Infrastructure during the 4th quarter worth approximately $220,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Brookfield Infrastructure by 16.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,546 shares of the company’s stock worth $1,092,000 after buying an additional 3,396 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Brookfield Infrastructure by 175.4% during the 4th quarter. GAMMA Investing LLC now owns 3,082 shares of the company’s stock worth $140,000 after buying an additional 1,963 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Brookfield Infrastructure by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 272,157 shares of the company’s stock worth $11,191,000 after buying an additional 12,161 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BIPC shares. Wall Street Zen cut Brookfield Infrastructure from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Friday, March 27th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $45.00 target price (down from $57.00) on shares of Brookfield Infrastructure in a research report on Monday, March 23rd. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell” and an average target price of $45.00.

Brookfield Infrastructure Price Performance

Shares of Brookfield Infrastructure stock opened at $41.67 on Thursday. Brookfield Infrastructure Co. has a one year low of $32.20 and a one year high of $51.72. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 30.85 and a beta of 1.40. The business has a 50-day simple moving average of $45.65 and a 200 day simple moving average of $45.15.

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.