Callan Family Office LLC purchased a new stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,780 shares of the company’s stock, valued at approximately $324,000.
Several other institutional investors have also added to or reduced their stakes in BIPC. GAMMA Investing LLC bought a new position in Brookfield Infrastructure in the 1st quarter worth $660,000. Fifth Third Bancorp lifted its position in shares of Brookfield Infrastructure by 79.1% in the 1st quarter. Fifth Third Bancorp now owns 1,501 shares of the company’s stock worth $54,000 after purchasing an additional 663 shares during the period. Canton Hathaway LLC purchased a new stake in shares of Brookfield Infrastructure in the 1st quarter worth about $109,000. First PREMIER Bank purchased a new stake in shares of Brookfield Infrastructure in the 1st quarter worth about $30,000. Finally, Comprehensive Money Management Services LLC lifted its position in shares of Brookfield Infrastructure by 9.6% in the 1st quarter. Comprehensive Money Management Services LLC now owns 29,831 shares of the company’s stock worth $1,080,000 after purchasing an additional 2,605 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.
Brookfield Infrastructure Stock Performance
Shares of BIPC stock opened at $46.98 on Thursday. Brookfield Infrastructure Co. has a one year low of $32.08 and a one year high of $47.16. The company’s 50-day moving average is $41.04 and its 200 day moving average is $39.80. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 32.63 and a beta of 1.45.
Brookfield Infrastructure Dividend Announcement
Wall Street Analyst Weigh In
BIPC has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brookfield Infrastructure in a research report on Tuesday. Morgan Stanley raised their target price on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen raised shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research report on Friday, September 26th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Brookfield Infrastructure currently has an average rating of “Reduce” and a consensus target price of $46.00.
Read Our Latest Stock Report on Brookfield Infrastructure
Brookfield Infrastructure Profile
Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.
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