Epoch Investment Partners Inc. Reduces Stock Holdings in Brookfield Infrastructure Co. $BIPC

Epoch Investment Partners Inc. lowered its position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 7.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,136,872 shares of the company’s stock after selling 92,826 shares during the quarter. Epoch Investment Partners Inc. owned about 0.95% of Brookfield Infrastructure worth $51,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in Brookfield Infrastructure by 73.4% during the 4th quarter. Barclays PLC now owns 911,482 shares of the company’s stock worth $41,381,000 after acquiring an additional 385,700 shares during the period. Kestra Advisory Services LLC lifted its position in Brookfield Infrastructure by 0.8% during the 4th quarter. Kestra Advisory Services LLC now owns 29,803 shares of the company’s stock worth $1,353,000 after acquiring an additional 239 shares during the period. Stifel Financial Corp lifted its position in Brookfield Infrastructure by 1.3% during the 4th quarter. Stifel Financial Corp now owns 257,686 shares of the company’s stock worth $11,699,000 after acquiring an additional 3,399 shares during the period. Morgan Stanley lifted its position in Brookfield Infrastructure by 33.3% during the 4th quarter. Morgan Stanley now owns 4,165,872 shares of the company’s stock worth $189,131,000 after acquiring an additional 1,041,474 shares during the period. Finally, Arkadios Wealth Advisors acquired a new stake in Brookfield Infrastructure during the 4th quarter worth about $204,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Analysts Set New Price Targets

BIPC has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Friday, March 27th. Wall Street Zen cut Brookfield Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley lifted their price target 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.com, Brookfield Infrastructure currently has an average rating of “Sell” and an average target price of $46.00.

Brookfield Infrastructure Stock Down 0.0%

Shares of BIPC stock opened at $40.40 on Monday. The stock has a market cap of $4.97 billion, a PE ratio of 30.85 and a beta of 1.31. The business has a 50-day simple moving average of $40.77 and a 200-day simple moving average of $44.07. Brookfield Infrastructure Co. has a 52-week low of $34.18 and a 52-week high of $51.72.

Brookfield Infrastructure 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.