Public Employees Retirement System of Ohio Buys New Shares in Brookfield Infrastructure Co. $BIPC

Public Employees Retirement System of Ohio purchased a new stake in shares of Brookfield Infrastructure Co. (NYSE:BIPC) during the 2nd quarter, HoldingsChannel reports. The firm purchased 34,173 shares of the company’s stock, valued at approximately $1,317,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BIPC. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Brookfield Infrastructure by 1,125.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 576 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Brookfield Infrastructure by 338.3% during the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock worth $26,000 after purchasing an additional 548 shares during the last quarter. Compass Financial Management LLC acquired a new position in Brookfield Infrastructure during the second quarter valued at $27,000. Motiv8 Investments LLC acquired a new position in Brookfield Infrastructure during the fourth quarter valued at $34,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Brookfield Infrastructure in the fourth quarter valued at $42,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

Brookfield Infrastructure Stock Performance

NYSE:BIPC opened at $37.50 on Wednesday. The stock has a market capitalization of $4.61 billion, a PE ratio of 30.85 and a beta of 1.31. Brookfield Infrastructure Co. has a fifty-two week low of $34.18 and a fifty-two week high of $51.72. The company has a fifty day moving average of $39.72 and a two-hundred day moving average of $41.08.

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

Wall Street Analysts Forecast Growth

BIPC has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Brookfield Infrastructure in a report on Wednesday, June 24th. Wall Street Zen upgraded Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Morgan Stanley reissued an “underweight” rating and issued a $50.00 price target on shares of Brookfield Infrastructure in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell” and an average target price of $50.00.

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.