Y Intercept Hong Kong Ltd Takes $1.28 Million Position in Brookfield Infrastructure Co. $BIPC

Y Intercept Hong Kong Ltd purchased a new stake in Brookfield Infrastructure Co. (NYSE:BIPC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,833 shares of the company’s stock, valued at approximately $1,283,000.

A number of other large investors also recently modified their holdings of the company. BankPlus Wealth Management LLC lifted its stake in shares of Brookfield Infrastructure by 2.6% in the 2nd quarter. BankPlus Wealth Management LLC now owns 10,708 shares of the company’s stock valued at $445,000 after acquiring an additional 272 shares during the last quarter. Tranquility Partners LLC lifted its stake in shares of Brookfield Infrastructure by 2.4% in the 2nd quarter. Tranquility Partners LLC now owns 12,490 shares of the company’s stock valued at $520,000 after acquiring an additional 290 shares during the last quarter. Marks Group Wealth Management Inc lifted its stake in shares of Brookfield Infrastructure by 3.5% in the 2nd quarter. Marks Group Wealth Management Inc now owns 10,357 shares of the company’s stock valued at $431,000 after acquiring an additional 353 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Brookfield Infrastructure by 0.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 49,266 shares of the company’s stock valued at $2,049,000 after acquiring an additional 364 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in Brookfield Infrastructure by 2.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,964 shares of the company’s stock worth $706,000 after purchasing an additional 435 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Stock Up 4.3%

Shares of NYSE:BIPC opened at $45.33 on Monday. The business has a fifty day simple moving average of $42.34 and a 200 day simple moving average of $40.72. Brookfield Infrastructure Co. has a 12-month low of $32.08 and a 12-month high of $47.71. The firm has a market cap of $5.40 billion, a P/E ratio of 30.85 and a beta of 1.45.

Wall Street Analyst Weigh In

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

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.