Copeland Capital Management LLC Reduces Stock Holdings in Brookfield Infrastructure Co. $BIPC

Copeland Capital Management LLC lowered its stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 2.5% during the first quarter, Holdings Channel reports. The firm owned 1,338,412 shares of the company’s stock after selling 33,670 shares during the period. Copeland Capital Management LLC’s holdings in Brookfield Infrastructure were worth $52,894,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Annex Advisory Services LLC purchased a new stake in shares of Brookfield Infrastructure in the 4th quarter valued at about $2,843,000. TrueMark Investments LLC acquired a new position in Brookfield Infrastructure during the fourth quarter worth approximately $6,345,000. Vanguard Group Inc. lifted its stake in Brookfield Infrastructure by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 6,022,513 shares of the company’s stock valued at $273,407,000 after buying an additional 31,529 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of Brookfield Infrastructure by 332.5% in the third quarter. Tudor Investment Corp ET AL now owns 85,070 shares of the company’s stock valued at $3,498,000 after acquiring an additional 65,401 shares during the period. Finally, Third View Private Wealth LLC purchased a new position in shares of Brookfield Infrastructure during the fourth quarter worth approximately $1,801,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 0.1%

Shares of Brookfield Infrastructure stock opened at $40.55 on Friday. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 30.85 and a beta of 1.32. Brookfield Infrastructure Co. has a 52-week low of $34.18 and a 52-week high of $51.72. The company’s 50-day simple moving average is $40.22 and its 200-day simple moving average is $42.91.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BIPC. Morgan Stanley increased their target price on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 20th. Wall Street Zen downgraded Brookfield Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, Brookfield Infrastructure currently has a consensus rating of “Sell” and a consensus target price of $46.00.

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.