Kayne Anderson Capital Advisors LP raised its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 26.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,500 shares of the utilities provider’s stock after purchasing an additional 40,000 shares during the quarter. Kayne Anderson Capital Advisors LP owned approximately 0.07% of Brookfield Infrastructure Partners worth $9,597,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Gradient Investments LLC lifted its holdings in Brookfield Infrastructure Partners by 40.0% during the 2nd quarter. Gradient Investments LLC now owns 1,050 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 300 shares during the last quarter. Coastal Investment Advisors Inc. lifted its holdings in Brookfield Infrastructure Partners by 266.7% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,100 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 800 shares during the last quarter. Glen Harbor Capital Management LLC acquired a new stake in Brookfield Infrastructure Partners during the 2nd quarter valued at $54,000. Price Capital Management Inc. acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $64,000. Finally, Usca Ria LLC acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $71,000. 46.43% of the stock is owned by institutional investors and hedge funds.
Shares of BIP traded up $1.01 during midday trading on Friday, reaching $51.14. 291,724 shares of the stock were exchanged, compared to its average volume of 300,249. Brookfield Infrastructure Partners L.P. has a twelve month low of $32.26 and a twelve month high of $51.19. The company has a market cap of $14.01 billion, a P/E ratio of 86.68, a PEG ratio of 1.47 and a beta of 0.81. The stock’s 50 day simple moving average is $49.01 and its 200 day simple moving average is $45.01.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, November 7th. The utilities provider reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.74). Brookfield Infrastructure Partners had a return on equity of 1.40% and a net margin of 3.32%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.08 billion. Brookfield Infrastructure Partners’s quarterly revenue was up 42.6% compared to the same quarter last year. Research analysts expect that Brookfield Infrastructure Partners L.P. will post 3.4 EPS for the current year.
Several equities research analysts have issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price target (up previously from $50.00) on shares of Brookfield Infrastructure Partners in a report on Friday, September 27th. Bank of America raised their price target on Brookfield Infrastructure Partners from $47.00 to $51.00 and gave the company a “buy” rating in a report on Monday, September 23rd. CIBC reaffirmed a “hold” rating on shares of Brookfield Infrastructure Partners in a report on Monday, September 30th. National Bank Financial reissued an “outperform” rating and set a $50.00 target price on shares of Brookfield Infrastructure Partners in a report on Thursday, July 18th. Finally, Raymond James set a $52.00 target price on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Brookfield Infrastructure Partners has an average rating of “Buy” and a consensus price target of $49.91.
Brookfield Infrastructure Partners Company Profile
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.
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