Epoch Investment Partners Inc. Cuts Position in Brookfield Infrastructure Co. $BIPC

Epoch Investment Partners Inc. lessened its holdings in Brookfield Infrastructure Co. (NYSE:BIPC) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,136,872 shares of the company’s stock after selling 92,826 shares during the period. Epoch Investment Partners Inc.’s holdings in Brookfield Infrastructure were worth $51,614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Brookfield Infrastructure by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,022,513 shares of the company’s stock valued at $273,407,000 after purchasing an additional 31,529 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Brookfield Infrastructure by 10.3% in the 4th quarter. Bank of Montreal Can now owns 5,289,204 shares of the company’s stock valued at $240,120,000 after purchasing an additional 492,354 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Brookfield Infrastructure by 10.3% in the 3rd quarter. Bank of America Corp DE now owns 4,346,550 shares of the company’s stock valued at $178,730,000 after purchasing an additional 406,485 shares in the last quarter. Morgan Stanley increased its stake in shares of Brookfield Infrastructure by 33.3% in the 4th quarter. Morgan Stanley now owns 4,165,872 shares of the company’s stock valued at $189,131,000 after purchasing an additional 1,041,474 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Brookfield Infrastructure by 2.1% in the 4th quarter. Principal Financial Group Inc. now owns 3,489,975 shares of the company’s stock valued at $158,446,000 after purchasing an additional 71,814 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Brookfield Infrastructure Price Performance

BIPC stock opened at $40.40 on Monday. The business has a 50 day simple moving average of $40.77 and a 200-day simple moving average of $44.07. The firm has a market capitalization of $4.97 billion, a PE ratio of 30.85 and a beta of 1.31. Brookfield Infrastructure Co. has a 1 year low of $34.18 and a 1 year high of $51.72.

Wall Street Analyst Weigh In

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

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.