Epoch Investment Partners Inc. Reduces Holdings in Brookfield Infrastructure Co. $BIPC

Epoch Investment Partners Inc. reduced its position in Brookfield Infrastructure Co. (NYSE:BIPC) by 9.0% in the 1st quarter, Holdings Channel reports. The firm owned 1,034,703 shares of the company’s stock after selling 102,169 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Brookfield Infrastructure were worth $40,891,000 at the end of the most recent reporting period.

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

Brookfield Infrastructure Stock Performance

BIPC opened at $41.53 on Friday. The business’s 50 day moving average price is $40.32 and its 200 day moving average price is $42.76. The stock has a market capitalization of $5.11 billion, a PE ratio of 30.85 and a beta of 1.32. Brookfield Infrastructure Co. has a one year low of $34.18 and a one year high of $51.72.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BIPC shares. Wall Street Zen lowered Brookfield Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Morgan Stanley restated an “underweight” rating and issued a $48.00 target price on shares of Brookfield Infrastructure in a report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell” and a consensus price target of $48.00.

About Brookfield Infrastructure

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.