Quantinno Capital Management LP Increases Holdings in Brookfield Infrastructure Co. $BIPC

Quantinno Capital Management LP boosted its stake in Brookfield Infrastructure Co. (NYSE:BIPC) by 243.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,194 shares of the company’s stock after purchasing an additional 45,476 shares during the quarter. Quantinno Capital Management LP’s holdings in Brookfield Infrastructure were worth $2,536,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Corrado Advisors LLC boosted its position in shares of Brookfield Infrastructure by 0.6% in the fourth quarter. Corrado Advisors LLC now owns 38,425 shares of the company’s stock valued at $1,744,000 after acquiring an additional 225 shares during the period. Kestra Advisory Services LLC boosted its holdings in Brookfield Infrastructure by 0.8% in the 4th quarter. Kestra Advisory Services LLC now owns 29,803 shares of the company’s stock valued at $1,353,000 after purchasing an additional 239 shares during the period. Chapman Financial Group LLC grew its position in shares of Brookfield Infrastructure by 3.0% during the 4th quarter. Chapman Financial Group LLC now owns 8,946 shares of the company’s stock valued at $406,000 after purchasing an additional 260 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Brookfield Infrastructure by 2.4% in the fourth quarter. Benjamin Edwards Inc. now owns 11,751 shares of the company’s stock worth $534,000 after purchasing an additional 274 shares during the period. Finally, Hamilton Point Investment Advisors LLC increased its holdings in shares of Brookfield Infrastructure by 0.3% in the first quarter. Hamilton Point Investment Advisors LLC now owns 113,359 shares of the company’s stock worth $4,480,000 after purchasing an additional 313 shares during the period. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Stock Down 0.2%

BIPC opened at $39.37 on Monday. The stock has a market cap of $4.84 billion, a PE ratio of 30.85 and a beta of 1.32. The business has a 50 day moving average of $40.21 and a 200-day moving average of $42.51. Brookfield Infrastructure Co. has a 52 week low of $34.18 and a 52 week high of $51.72.

Brookfield Infrastructure (NYSE:BIPC) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.56) earnings per share for the quarter. The company had revenue of $940.00 million during the quarter.

Analyst Upgrades and Downgrades

BIPC has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Wednesday, June 24th. Wall Street Zen raised shares of Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Morgan Stanley restated an “underweight” rating and set a $48.00 price target on shares of Brookfield Infrastructure in a research report on Tuesday, July 21st. Two equities research 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 $48.00.

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.