Brookfield Infrastructure Co. $BIPC Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 123,526 shares of the company’s stock after purchasing an additional 13,424 shares during the quarter. Natixis Advisors LLC owned 0.10% of Brookfield Infrastructure worth $5,608,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Brookfield Infrastructure by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,022,513 shares of the company’s stock worth $273,407,000 after purchasing an additional 31,529 shares during the last quarter. Bank of Montreal Can raised its holdings in Brookfield Infrastructure by 6.1% during the third quarter. Bank of Montreal Can now owns 4,796,850 shares of the company’s stock worth $197,246,000 after purchasing an additional 274,363 shares during the last quarter. Bank of America Corp DE raised its holdings in Brookfield Infrastructure by 10.3% during the third quarter. Bank of America Corp DE now owns 4,346,550 shares of the company’s stock worth $178,730,000 after purchasing an additional 406,485 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Brookfield Infrastructure by 2.1% during the fourth quarter. Principal Financial Group Inc. now owns 3,489,975 shares of the company’s stock worth $158,446,000 after purchasing an additional 71,814 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in Brookfield Infrastructure by 2.3% during the fourth quarter. HighTower Advisors LLC now owns 2,592,739 shares of the company’s stock worth $117,710,000 after purchasing an additional 59,214 shares during the last quarter. 70.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on BIPC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Friday, March 27th. Wall Street Zen downgraded Brookfield Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley lifted their price objective on Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell” and an average price target of $46.00.

Brookfield Infrastructure Price Performance

NYSE:BIPC opened at $40.72 on Tuesday. The stock has a market cap of $5.01 billion, a P/E ratio of 30.85 and a beta of 1.31. Brookfield Infrastructure Co. has a 1-year low of $34.18 and a 1-year high of $51.72. The firm has a 50-day moving average of $40.60 and a two-hundred day moving average of $44.16.

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.