Opal Capital LLC Makes New $6.40 Million Investment in Brookfield Infrastructure Co. $BIPC

Opal Capital LLC bought a new position in Brookfield Infrastructure Co. (NYSE:BIPC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 141,022 shares of the company’s stock, valued at approximately $6,402,000. Brookfield Infrastructure makes up approximately 1.6% of Opal Capital LLC’s investment portfolio, making the stock its 21st biggest position. Opal Capital LLC owned about 0.12% of Brookfield Infrastructure at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BIPC. Norges Bank bought a new stake in Brookfield Infrastructure in the fourth quarter worth approximately $71,014,000. Morgan Stanley increased its holdings in Brookfield Infrastructure by 33.3% in the fourth quarter. Morgan Stanley now owns 4,165,872 shares of the company’s stock worth $189,131,000 after purchasing an additional 1,041,474 shares in the last quarter. Bank of Montreal Can increased its holdings in Brookfield Infrastructure by 10.3% in the fourth quarter. Bank of Montreal Can now owns 5,289,204 shares of the company’s stock worth $240,120,000 after purchasing an additional 492,354 shares in the last quarter. Bank of America Corp DE increased its holdings in Brookfield Infrastructure by 10.3% in the third quarter. Bank of America Corp DE now owns 4,346,550 shares of the company’s stock worth $178,730,000 after purchasing an additional 406,485 shares in the last quarter. Finally, Barclays PLC increased its holdings in Brookfield Infrastructure by 73.4% in the fourth quarter. Barclays PLC now owns 911,482 shares of the company’s stock worth $41,381,000 after purchasing an additional 385,700 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BIPC has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Friday, March 27th. Finally, Wall Street Zen lowered Brookfield Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell” and a consensus price target of $46.00.

Brookfield Infrastructure Stock Performance

Shares of NYSE:BIPC opened at $40.58 on Wednesday. The business’s 50 day simple moving average is $40.78 and its two-hundred day simple moving average is $44.00. The firm has a market cap of $4.99 billion, a P/E ratio of 30.85 and a beta of 1.31. Brookfield Infrastructure Co. has a 52-week low of $34.18 and a 52-week high of $51.72.

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.