Lido Advisors LLC purchased a new stake in Brookfield Infrastructure Co. (NASDAQ:BIPC – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm purchased 8,536 shares of the company’s stock, valued at approximately $297,000.
Other large investors have also made changes to their positions in the company. Bank of Montreal Can bought a new stake in Brookfield Infrastructure during the second quarter worth approximately $135,631,000. Arete Wealth Advisors LLC bought a new stake in Brookfield Infrastructure during the first quarter worth approximately $13,343,000. Epoch Investment Partners Inc. bought a new stake in Brookfield Infrastructure during the first quarter worth approximately $58,835,000. Norges Bank bought a new stake in Brookfield Infrastructure during the fourth quarter worth approximately $43,419,000. Finally, Capital Research Global Investors bought a new stake in Brookfield Infrastructure during the first quarter worth approximately $49,813,000. Institutional investors own 68.89% of the company’s stock.
Brookfield Infrastructure Trading Up 0.4 %
Shares of NASDAQ BIPC opened at $31.84 on Tuesday. The business has a fifty day simple moving average of $32.44 and a 200 day simple moving average of $40.02. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 22.11 and a beta of 1.32. Brookfield Infrastructure Co. has a one year low of $25.48 and a one year high of $48.23.
Brookfield Infrastructure Dividend Announcement
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company decreased their target price on Brookfield Infrastructure from $46.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, September 22nd.
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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