Barclays PLC Has $21.62 Million Holdings in Brookfield Infrastructure Co. $BIPC

Barclays PLC raised its holdings in Brookfield Infrastructure Co. (NYSE:BIPC) by 32.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 525,782 shares of the company’s stock after acquiring an additional 130,258 shares during the quarter. Barclays PLC owned about 0.44% of Brookfield Infrastructure worth $21,620,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Brookfield Infrastructure during the second quarter worth approximately $64,433,000. HighTower Advisors LLC grew its stake in Brookfield Infrastructure by 66.4% in the 3rd quarter. HighTower Advisors LLC now owns 2,533,525 shares of the company’s stock valued at $104,178,000 after buying an additional 1,011,401 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Brookfield Infrastructure by 36.4% in the third quarter. Dimensional Fund Advisors LP now owns 926,731 shares of the company’s stock worth $38,109,000 after purchasing an additional 247,273 shares during the period. Federated Hermes Inc. increased its stake in shares of Brookfield Infrastructure by 10,734.2% in the third quarter. Federated Hermes Inc. now owns 180,931 shares of the company’s stock worth $7,440,000 after purchasing an additional 179,261 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of Brookfield Infrastructure by 36.1% in the third quarter. CIBC Asset Management Inc now owns 588,145 shares of the company’s stock worth $24,185,000 after purchasing an additional 155,979 shares during the period. 70.38% of the stock is owned by institutional investors.

Brookfield Infrastructure Trading Up 1.2%

Shares of NYSE BIPC opened at $47.59 on Thursday. Brookfield Infrastructure Co. has a 1-year low of $32.08 and a 1-year high of $51.72. The company has a 50-day moving average of $47.24 and a two-hundred day moving average of $45.06. The company has a market cap of $5.71 billion, a PE ratio of 30.85 and a beta of 1.36.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Morgan Stanley set a $57.00 price target on Brookfield Infrastructure in a research report on Wednesday, January 28th. Wall Street Zen raised Brookfield Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $57.00.

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.