Brookfield Infrastructure Co. $BIPC Shares Sold by Avalon Trust Co

Avalon Trust Co lowered its stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,594 shares of the company’s stock after selling 1,241 shares during the quarter. Avalon Trust Co owned approximately 0.16% of Brookfield Infrastructure worth $8,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BIPC. Bank of Montreal Can grew its holdings 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 purchasing an additional 375,586 shares during the last quarter. Epoch Investment Partners Inc. boosted its position in Brookfield Infrastructure by 10.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,797,568 shares of the company’s stock valued at $65,054,000 after purchasing an additional 171,427 shares during the period. HighTower Advisors LLC grew its stake in Brookfield Infrastructure by 85.8% during the 1st quarter. HighTower Advisors LLC now owns 1,378,035 shares of the company’s stock worth $49,871,000 after buying an additional 636,353 shares during the last quarter. Scotia Capital Inc. grew its stake in Brookfield Infrastructure by 4.6% during the 1st quarter. Scotia Capital Inc. now owns 1,304,699 shares of the company’s stock worth $46,272,000 after buying an additional 57,692 shares during the last quarter. Finally, TD Asset Management Inc increased its position in Brookfield Infrastructure by 11.9% in the first quarter. TD Asset Management Inc now owns 1,297,388 shares of the company’s stock worth $46,910,000 after buying an additional 137,537 shares during the period. 70.38% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Stock Performance

Shares of NYSE:BIPC opened at $45.47 on Thursday. The company has a market capitalization of $5.41 billion, a PE ratio of 30.85 and a beta of 1.46. The stock has a fifty day moving average of $43.22 and a 200-day moving average of $41.25. Brookfield Infrastructure Co. has a one year low of $32.08 and a one year high of $47.71.

Analysts Set New Price Targets

Several brokerages recently commented on BIPC. Morgan Stanley boosted their target price on Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 26th. Wall Street Zen raised Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Brookfield Infrastructure in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $46.00.

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.