Brookfield Infrastructure Partners LP (BIP) Shares Bought by Callahan Advisors LLC

Callahan Advisors LLC grew its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 121,350 shares of the utilities provider’s stock after buying an additional 3,487 shares during the quarter. Callahan Advisors LLC’s holdings in Brookfield Infrastructure Partners were worth $5,235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BIP. Capital World Investors raised its position in shares of Brookfield Infrastructure Partners by 58.9% in the 2nd quarter. Capital World Investors now owns 5,215,000 shares of the utilities provider’s stock worth $213,297,000 after acquiring an additional 1,932,672 shares in the last quarter. CIBC World Markets Inc. bought a new position in shares of Brookfield Infrastructure Partners in the 2nd quarter worth approximately $57,006,000. Janus Henderson Group PLC bought a new position in shares of Brookfield Infrastructure Partners in the 2nd quarter worth approximately $51,505,000. Arthur M. Cohen & Associates LLC raised its position in shares of Brookfield Infrastructure Partners by 4,017.0% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 475,801 shares of the utilities provider’s stock worth $11,557,000 after acquiring an additional 464,244 shares in the last quarter. Finally, Alpine Global Management LLC bought a new position in shares of Brookfield Infrastructure Partners in the 2nd quarter worth approximately $5,764,000. Institutional investors and hedge funds own 33.89% of the company’s stock.

Brookfield Infrastructure Partners LP (BIP) traded up 0.09% during mid-day trading on Monday, hitting $42.54. The company’s stock had a trading volume of 171,720 shares. The company has a market cap of $11.05 billion, a P/E ratio of 93.49 and a beta of 1.08. Brookfield Infrastructure Partners LP has a 12-month low of $30.76 and a 12-month high of $44.91. The firm’s 50-day moving average is $43.01 and its 200-day moving average is $41.37.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.86). Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $768.00 million. Analysts predict that Brookfield Infrastructure Partners LP will post $0.94 EPS for the current fiscal year.

BIP has been the subject of several research reports. BMO Capital Markets initiated coverage on Brookfield Infrastructure Partners in a research report on Monday, September 11th. They issued an “outperform” rating and a $48.00 target price for the company. Scotiabank increased their target price on Brookfield Infrastructure Partners from $42.50 to $43.50 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Credit Suisse Group lowered Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 target price for the company. in a research report on Tuesday, August 22nd. BidaskClub raised Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research raised Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $49.44.

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Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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