Strs Ohio Has $1.49 Million Stake in Brookfield Infrastructure Co. $BIPC

Strs Ohio boosted its holdings in Brookfield Infrastructure Co. (NYSE:BIPC) by 257.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,900 shares of the company’s stock after purchasing an additional 23,700 shares during the period. Strs Ohio’s holdings in Brookfield Infrastructure were worth $1,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in shares of Brookfield Infrastructure during the 1st quarter worth about $257,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Brookfield Infrastructure by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,451 shares of the company’s stock valued at $2,586,000 after acquiring an additional 3,125 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Brookfield Infrastructure by 285.9% during the first quarter. NewEdge Advisors LLC now owns 10,250 shares of the company’s stock worth $371,000 after acquiring an additional 7,594 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Brookfield Infrastructure by 752.7% during the first quarter. Jones Financial Companies Lllp now owns 9,431 shares of the company’s stock worth $341,000 after acquiring an additional 8,325 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Brookfield Infrastructure by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,043,808 shares of the company’s stock valued at $37,775,000 after purchasing an additional 18,648 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on BIPC shares. Morgan Stanley restated an “underweight” rating and issued a $45.00 price target (down from $57.00) on shares of Brookfield Infrastructure in a research note on Monday, March 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Friday, March 27th. Finally, Wall Street Zen cut shares of Brookfield Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell” and a consensus target price of $45.00.

Brookfield Infrastructure Stock Performance

Shares of NYSE:BIPC opened at $39.57 on Thursday. Brookfield Infrastructure Co. has a 52-week low of $34.18 and a 52-week high of $51.72. The company has a market capitalization of $4.87 billion, a P/E ratio of 30.85 and a beta of 1.29. The company has a 50-day simple moving average of $42.56 and a 200 day simple moving average of $44.84.

Brookfield Infrastructure 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.