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.
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.
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.