Copeland Capital Management LLC Sells 74,968 Shares of Brookfield Infrastructure Co. $BIPC

Copeland Capital Management LLC cut its holdings in Brookfield Infrastructure Co. (NYSE:BIPC) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,372,082 shares of the company’s stock after selling 74,968 shares during the period. Brookfield Infrastructure comprises 1.4% of Copeland Capital Management LLC’s holdings, making the stock its 18th largest holding. Copeland Capital Management LLC owned approximately 1.14% of Brookfield Infrastructure worth $62,293,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BIPC. HighTower Advisors LLC increased its holdings in shares of Brookfield Infrastructure by 66.4% in the 3rd quarter. HighTower Advisors LLC now owns 2,533,525 shares of the company’s stock worth $104,178,000 after buying an additional 1,011,401 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Brookfield Infrastructure by 10.3% in the 3rd quarter. Bank of America Corp DE now owns 4,346,550 shares of the company’s stock worth $178,730,000 after buying an additional 406,485 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Brookfield Infrastructure by 63.8% in the 3rd quarter. Focus Partners Wealth now owns 766,236 shares of the company’s stock worth $31,510,000 after buying an additional 298,480 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Brookfield Infrastructure by 6.1% in the 3rd quarter. Bank of Montreal Can now owns 4,796,850 shares of the company’s stock worth $197,246,000 after buying an additional 274,363 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Brookfield Infrastructure by 36.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 926,731 shares of the company’s stock worth $38,109,000 after buying an additional 247,273 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BIPC. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Friday, March 27th. Morgan Stanley restated an “underweight” rating and issued a $45.00 target price (down from $57.00) on shares of Brookfield Infrastructure in a report on Monday, March 23rd. Finally, Wall Street Zen downgraded shares of Brookfield Infrastructure from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell” and an average price target of $45.00.

Brookfield Infrastructure Trading Up 0.9%

Shares of NYSE:BIPC opened at $40.38 on Friday. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 30.85 and a beta of 1.40. Brookfield Infrastructure Co. has a 12 month low of $35.49 and a 12 month high of $51.72. The firm’s 50-day moving average is $43.93 and its 200 day moving average is $45.16.

About Brookfield Infrastructure

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.