Epoch Investment Partners Inc. purchased a new stake in shares of Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,277,349 shares of the company’s stock, valued at approximately $58,835,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in BIPC. Point72 Asset Management L.P. bought a new stake in Brookfield Infrastructure during the 4th quarter valued at approximately $34,000. Money Concepts Capital Corp bought a new position in Brookfield Infrastructure during the fourth quarter worth $45,000. Federated Hermes Inc. raised its stake in Brookfield Infrastructure by 40.0% during the 1st quarter. Federated Hermes Inc. now owns 616 shares of the company’s stock valued at $46,000 after purchasing an additional 176 shares during the last quarter. CWM LLC boosted its holdings in Brookfield Infrastructure by 40.5% in the 1st quarter. CWM LLC now owns 1,203 shares of the company’s stock valued at $55,000 after purchasing an additional 347 shares during the period. Finally, WASHINGTON TRUST Co grew its position in Brookfield Infrastructure by 196.9% in the 1st quarter. WASHINGTON TRUST Co now owns 1,232 shares of the company’s stock worth $57,000 after purchasing an additional 817 shares during the last quarter. 68.89% of the stock is owned by institutional investors and hedge funds.
Brookfield Infrastructure Price Performance
Shares of BIPC traded down $0.69 on Tuesday, reaching $37.67. 109,827 shares of the stock traded hands, compared to its average volume of 392,288. The stock’s 50-day moving average price is $43.22 and its 200-day moving average price is $44.38. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 26.64 and a beta of 1.23. Brookfield Infrastructure Co. has a 12 month low of $37.54 and a 12 month high of $50.03.
Brookfield Infrastructure Announces Dividend
Analyst Ratings Changes
Separately, Wells Fargo & Company reduced their target price on shares of Brookfield Infrastructure from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, August 4th.
About Brookfield Infrastructure
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.
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