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

Copeland Capital Management LLC trimmed its position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,372,082 shares of the company’s stock after selling 74,968 shares during the quarter. Brookfield Infrastructure makes up about 1.4% of Copeland Capital Management LLC’s portfolio, making the stock its 18th biggest position. Copeland Capital Management LLC’s holdings in Brookfield Infrastructure were worth $62,293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BIPC. HighTower Advisors LLC grew its holdings in Brookfield Infrastructure by 66.4% during the 3rd 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 during the last quarter. Bank of America Corp DE grew its holdings in Brookfield Infrastructure by 10.3% during the 3rd quarter. Bank of America Corp DE now owns 4,346,550 shares of the company’s stock valued at $178,730,000 after purchasing an additional 406,485 shares during the last quarter. Focus Partners Wealth grew its holdings in Brookfield Infrastructure by 63.8% during the 3rd quarter. Focus Partners Wealth now owns 766,236 shares of the company’s stock valued at $31,510,000 after purchasing an additional 298,480 shares during the last quarter. Bank of Montreal Can grew its holdings in Brookfield Infrastructure by 6.1% during the 3rd quarter. Bank of Montreal Can now owns 4,796,850 shares of the company’s stock valued at $197,246,000 after purchasing an additional 274,363 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Brookfield Infrastructure by 36.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 926,731 shares of the company’s stock valued at $38,109,000 after purchasing an additional 247,273 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Price Performance

Shares of BIPC stock opened at $40.38 on Friday. The company has a market capitalization of $4.97 billion, a P/E ratio of 30.85 and a beta of 1.40. The company’s 50-day simple moving average is $43.93 and its two-hundred day simple moving average is $45.16. Brookfield Infrastructure Co. has a one year low of $35.49 and a one year high of $51.72.

Analyst Upgrades and Downgrades

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

Brookfield Infrastructure Company 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.