TD Waterhouse Canada Inc. Raises Position in Brookfield Infrastructure Co. $BIPC

TD Waterhouse Canada Inc. raised its position in Brookfield Infrastructure Co. (NYSE:BIPC) by 9.9% during the 2nd quarter, according to the company in 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 period. TD Waterhouse Canada Inc.’s holdings in Brookfield Infrastructure were worth $52,502,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position 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 valued at $26,000 after acquiring an additional 548 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Brookfield Infrastructure in the 1st quarter valued at $29,000. Farther Finance Advisors LLC lifted its holdings in Brookfield Infrastructure by 1,307.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 746 shares of the company’s stock valued at $31,000 after purchasing an additional 693 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Brookfield Infrastructure by 117.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,064 shares of the company’s stock valued at $39,000 after purchasing an additional 574 shares in the last quarter. Finally, MAI Capital Management boosted its stake in Brookfield Infrastructure by 273.9% during the 1st quarter. MAI Capital Management now owns 1,133 shares of the company’s stock worth $41,000 after purchasing an additional 830 shares during the last quarter. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Up 0.1%

NYSE BIPC opened at $45.11 on Wednesday. The business’s fifty day simple moving average is $43.64 and its 200-day simple moving average is $41.51. The firm has a market cap of $5.37 billion, a PE ratio of 30.85 and a beta of 1.46. Brookfield Infrastructure Co. has a 52 week low of $32.08 and a 52 week high of $47.71.

Analyst Ratings Changes

BIPC has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brookfield Infrastructure in a research report on Tuesday, October 14th. Wall Street Zen raised shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Morgan Stanley raised their target price on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $46.00.

Brookfield Infrastructure Company 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.