HighTower Advisors LLC Purchases 59,214 Shares of Brookfield Infrastructure Co. $BIPC

HighTower Advisors LLC boosted its position in shares of Brookfield Infrastructure Co. (NYSE:BIPC) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,592,739 shares of the company’s stock after buying an additional 59,214 shares during the period. HighTower Advisors LLC owned approximately 2.16% of Brookfield Infrastructure worth $117,710,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Chapman Financial Group LLC boosted its position in shares of Brookfield Infrastructure by 3.0% during the 4th quarter. Chapman Financial Group LLC now owns 8,946 shares of the company’s stock valued at $406,000 after acquiring an additional 260 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Brookfield Infrastructure by 2.4% during the fourth quarter. Benjamin Edwards Inc. now owns 11,751 shares of the company’s stock valued at $534,000 after purchasing an additional 274 shares in the last quarter. US Bancorp DE raised its stake in Brookfield Infrastructure by 8.6% during the third quarter. US Bancorp DE now owns 4,136 shares of the company’s stock valued at $170,000 after purchasing an additional 326 shares in the last quarter. International Assets Investment Management LLC lifted its position in Brookfield Infrastructure by 1.3% during the third quarter. International Assets Investment Management LLC now owns 31,914 shares of the company’s stock valued at $1,343,000 after purchasing an additional 400 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Brookfield Infrastructure by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 22,339 shares of the company’s stock valued at $919,000 after purchasing an additional 413 shares during the last quarter. Institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Trading Up 0.1%

BIPC stock opened at $40.90 on Wednesday. The stock has a market cap of $5.03 billion, a PE ratio of 30.85 and a beta of 1.29. Brookfield Infrastructure Co. has a 12 month low of $34.18 and a 12 month high of $51.72. The company has a 50-day moving average price of $40.99 and a 200 day moving average price of $44.54.

Wall Street Analyst Weigh In

BIPC has been the topic of a number of research reports. 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. Wall Street Zen downgraded Brookfield Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Brookfield Infrastructure has a consensus 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.