Brookfield Infrastructure Co. $BIPC Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 9.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,250,781 shares of the company’s stock after buying an additional 112,230 shares during the quarter. TD Waterhouse Canada Inc. owned 1.05% of Brookfield Infrastructure worth $52,502,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Geneos Wealth Management Inc. increased its stake in shares of Brookfield Infrastructure by 338.3% in the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock worth $26,000 after acquiring an additional 548 shares during the period. Farther Finance Advisors LLC boosted its holdings in Brookfield Infrastructure by 1,307.5% in the second quarter. Farther Finance Advisors LLC now owns 746 shares of the company’s stock valued at $31,000 after purchasing an additional 693 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Brookfield Infrastructure in the first quarter valued at $29,000. Northwestern Mutual Wealth Management Co. grew its position in Brookfield Infrastructure by 117.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,064 shares of the company’s stock worth $39,000 after purchasing an additional 574 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Brookfield Infrastructure by 96.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,120 shares of the company’s stock valued at $47,000 after buying an additional 551 shares during the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Price Performance

Brookfield Infrastructure stock opened at $45.11 on Wednesday. The stock has a market capitalization of $5.37 billion, a PE ratio of 30.85 and a beta of 1.46. The business has a 50 day simple moving average of $43.64 and a 200-day simple moving average of $41.51. Brookfield Infrastructure Co. has a 12 month low of $32.08 and a 12 month high of $47.71.

Analysts Set New Price Targets

BIPC has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Brookfield Infrastructure in a research report on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. One investment 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 company currently has a consensus rating of “Reduce” and an average 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.