Citigroup Inc. Has $19.21 Million Holdings in Brookfield Infrastructure Co. $BIPC

Citigroup Inc. raised its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 22.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 467,633 shares of the company’s stock after buying an additional 85,511 shares during the quarter. Citigroup Inc. owned 0.39% of Brookfield Infrastructure worth $19,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Brookfield Infrastructure in the 2nd quarter valued at approximately $64,433,000. HighTower Advisors LLC increased its stake in Brookfield Infrastructure by 66.4% in the third quarter. HighTower Advisors LLC now owns 2,533,525 shares of the company’s stock valued at $104,178,000 after purchasing an additional 1,011,401 shares in the last quarter. Bank of Montreal Can raised its holdings in Brookfield Infrastructure by 9.1% in the second quarter. Bank of Montreal Can now owns 4,522,487 shares of the company’s stock worth $188,293,000 after purchasing an additional 375,586 shares during the period. Federated Hermes Inc. grew its holdings in shares of Brookfield Infrastructure by 10,734.2% in the 3rd quarter. Federated Hermes Inc. now owns 180,931 shares of the company’s stock valued at $7,440,000 after buying an additional 179,261 shares during the period. Finally, CIBC Asset Management Inc increased its position in shares of Brookfield Infrastructure by 36.1% in the 3rd quarter. CIBC Asset Management Inc now owns 588,145 shares of the company’s stock valued at $24,185,000 after buying an additional 155,979 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Brookfield Infrastructure Trading Up 1.5%

Shares of BIPC stock opened at $50.02 on Friday. The firm’s fifty day moving average price is $46.91 and its two-hundred day moving average price is $44.49. Brookfield Infrastructure Co. has a 1 year low of $32.08 and a 1 year high of $51.72. The firm has a market capitalization of $6.00 billion, a P/E ratio of 30.85 and a beta of 1.36.

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.