Brookfield Infrastructure (NYSE:BIPC) Stock Rating Upgraded by Wall Street Zen

Brookfield Infrastructure (NYSE:BIPC) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Friday.

Separately, Morgan Stanley raised their target price on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.00.

Brookfield Infrastructure Stock Performance

Shares of NYSE BIPC opened at $40.96 on Friday. Brookfield Infrastructure has a fifty-two week low of $32.08 and a fifty-two week high of $45.29. The company has a 50 day simple moving average of $40.20 and a two-hundred day simple moving average of $39.09. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 28.44 and a beta of 1.38.

Institutional Investors Weigh In On Brookfield Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can increased its position in shares of Brookfield Infrastructure by 9.1% during the second quarter. Bank of Montreal Can now owns 4,522,487 shares of the company’s stock valued at $188,293,000 after acquiring an additional 375,586 shares in the last quarter. Principal Financial Group Inc. grew its position in Brookfield Infrastructure by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 3,194,929 shares of the company’s stock worth $115,624,000 after purchasing an additional 85,121 shares during the period. Brown Advisory Inc. bought a new stake in Brookfield Infrastructure in the 1st quarter worth approximately $107,741,000. State Street Corp grew its position in Brookfield Infrastructure by 2.3% in the 2nd quarter. State Street Corp now owns 1,977,356 shares of the company’s stock worth $82,258,000 after purchasing an additional 44,506 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in Brookfield Infrastructure by 10.5% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,797,568 shares of the company’s stock worth $65,054,000 after purchasing an additional 171,427 shares during the period. Institutional investors own 70.38% of the company’s stock.

About Brookfield Infrastructure

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.