Brookfield Infrastructure Corp (NYSE: BIPC) stock jumped 0.35% on Monday to $31.83 against a previous-day closing price of $31.72. With 0.92 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.06 million shares. The 52-week range on BIPC shows that it touched its highest point at $48.23 and its lowest point at $25.48 during that stretch. It currently has a 1-year price target of $36.00. With its current market cap of 4.55 billion, BIPC has annualized dividend of $1.54 while the current yield stands at 4.84%. Beta for the stock currently stands at 1.39.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BIPC was up-trending over the past week, with a rise of 9.08%, but this was up by 7.17% over a month. Three-month performance dropped to -17.41% while six-month performance fell -32.46%. The stock lost -29.30% in the past year, while it has lost -18.17% so far this year. A look at the trailing 12-month EPS for BIPC yields 6.30 with Next year EPS estimates of 3.40.
Float and Shares Shorts:
At present, 142.91 million BIPC shares are outstanding with a float of 131.78 million shares on hand for trading. On Oct 30, 2023, short shares totaled 4.34 million, which was 3.68% higher than short shares on Sep 28, 2023. In addition to Mr. Samuel J. B. Pollock as the firm’s Chief Executive Officer, Mr. David Krant CPA serves as its CFO & Managing Partner of Infrastructure.
Institutional Ownership:
Through their ownership of 148.88% of BIPC’s outstanding shares, institutional investors have majority control over the company. With a 2.25% stake in BIPC, the Fidelity Small Cap Value Fund is the largest stakeholder. A total of 2,967,850 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.11% of BIPC stock, is the second-largest Mutual Fund holder. It holds 2,780,156 shares valued at 71.62 million. Canada Pension Plan holds 1.27% of the stake in BIPC, owning 1,680,000 shares worth 43.28 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BIPC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BIPC analysts setting a high price target of $36.00 and a low target of $36.00, the average target price over the next 12 months is $36.00. Based on these targets, BIPC could surge 13.1% to reach the target high and rise by 13.1% to reach the target low. Reaching the average price target will result in a growth of 13.1% from current levels.
Summary of Insider Activity:
Insiders traded BIPC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 2,500 while 0 shares were sold.
