Groupe la Francaise Makes New Investment in Brookfield Infrastructure Co. $BIPC

Groupe la Francaise acquired a new stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) during the 1st quarter, Holdings Channel.com reports. The fund acquired 58,650 shares of the company’s stock, valued at approximately $2,318,000.

A number of other large investors have also added to or reduced their stakes in the stock. Annex Advisory Services LLC purchased a new stake in Brookfield Infrastructure during the 4th quarter worth approximately $2,843,000. Vanguard Group Inc. lifted its stake in shares of Brookfield Infrastructure by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,022,513 shares of the company’s stock worth $273,407,000 after buying an additional 31,529 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of Brookfield Infrastructure by 332.5% during the third quarter. Tudor Investment Corp ET AL now owns 85,070 shares of the company’s stock worth $3,498,000 after buying an additional 65,401 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Brookfield Infrastructure by 2.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,225,171 shares of the company’s stock valued at $55,445,000 after buying an additional 31,464 shares during the last quarter. Finally, Third View Private Wealth LLC purchased a new stake in shares of Brookfield Infrastructure during the fourth quarter valued at $1,801,000. Institutional investors own 70.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BIPC shares. Wall Street Zen upgraded Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley reissued an “underweight” rating and issued a $48.00 price objective on shares of Brookfield Infrastructure in a report on Tuesday, July 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell” and a consensus price target of $48.00.

Brookfield Infrastructure Price Performance

Shares of Brookfield Infrastructure stock opened at $42.27 on Friday. The stock has a market cap of $5.20 billion, a PE ratio of 30.85 and a beta of 1.32. The firm has a fifty day moving average price of $40.40 and a 200 day moving average price of $42.69. Brookfield Infrastructure Co. has a 1 year low of $34.18 and a 1 year high of $51.72.

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

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.