Brown Advisory Inc. Sells 92,164 Shares of Brookfield Infrastructure Co. $BIPC

Brown Advisory Inc. lessened its stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,824,144 shares of the company’s stock after selling 92,164 shares during the period. Brown Advisory Inc. owned 2.35% of Brookfield Infrastructure worth $128,213,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Brookfield Infrastructure during the 4th quarter valued at about $71,014,000. Morgan Stanley grew its holdings in shares of Brookfield Infrastructure by 33.3% during the fourth quarter. Morgan Stanley now owns 4,165,872 shares of the company’s stock worth $189,131,000 after purchasing an additional 1,041,474 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Brookfield Infrastructure by 66.4% during the third quarter. HighTower Advisors LLC now owns 2,533,525 shares of the company’s stock worth $104,178,000 after purchasing an additional 1,011,401 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Brookfield Infrastructure by 10.3% during the fourth quarter. Bank of Montreal Can now owns 5,289,204 shares of the company’s stock worth $240,120,000 after purchasing an additional 492,354 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of 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 buying an additional 406,485 shares during the period. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

Brookfield Infrastructure stock opened at $40.40 on Friday. The firm has a market cap of $4.97 billion, a PE ratio of 30.85 and a beta of 1.31. The firm’s 50 day moving average price is $40.77 and its two-hundred day moving average price is $44.07. Brookfield Infrastructure Co. has a twelve month low of $34.18 and a twelve month high of $51.72.

Analysts Set New Price Targets

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

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.