Brookfield Infrastructure Partners LP (BIP) Shares Sold by Baskin Financial Services Inc.

Baskin Financial Services Inc. lessened its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 0.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 495,577 shares of the utilities provider’s stock after selling 1,269 shares during the quarter. Brookfield Infrastructure Partners accounts for approximately 4.1% of Baskin Financial Services Inc.’s portfolio, making the stock its 4th biggest position. Baskin Financial Services Inc. owned approximately 0.19% of Brookfield Infrastructure Partners worth $21,319,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bollard Group LLC boosted its stake in shares of Brookfield Infrastructure Partners by 1.0% in the 2nd quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock valued at $151,000 after buying an additional 38 shares during the period. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in Brookfield Infrastructure Partners by 0.5% during the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 12,400 shares of the utilities provider’s stock worth $507,000 after purchasing an additional 65 shares during the last quarter. Citigroup Inc. lifted its stake in Brookfield Infrastructure Partners by 1.4% during the second quarter. Citigroup Inc. now owns 7,102 shares of the utilities provider’s stock worth $290,000 after purchasing an additional 100 shares during the last quarter. M&T Bank Corp lifted its stake in Brookfield Infrastructure Partners by 1.4% during the second quarter. M&T Bank Corp now owns 10,960 shares of the utilities provider’s stock worth $449,000 after purchasing an additional 150 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Brookfield Infrastructure Partners by 5.5% during the second quarter. Janney Montgomery Scott LLC now owns 6,407 shares of the utilities provider’s stock worth $262,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 33.89% of the company’s stock.

Brookfield Infrastructure Partners LP (BIP) traded up 0.02% during midday trading on Monday, reaching $42.51. The company had a trading volume of 170,020 shares. The firm has a market capitalization of $11.04 billion, a PE ratio of 93.43 and a beta of 1.08. The firm’s 50-day moving average price is $43.01 and its 200 day moving average price is $41.37. Brookfield Infrastructure Partners LP has a 12 month low of $30.76 and a 12 month high of $44.91.

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

Several research firms recently weighed in on BIP. Zacks Investment Research upgraded Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, October 3rd. TD Securities boosted their target price on Brookfield Infrastructure Partners to $57.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Scotiabank restated an “outperform” rating and set a $53.00 target price on shares of Brookfield Infrastructure Partners in a research note on Monday, September 18th. Credit Suisse Group began coverage on Brookfield Infrastructure Partners in a research note on Monday, September 18th. They set a “neutral” rating and a $44.00 target price for the company. Finally, BMO Capital Markets began coverage on Brookfield Infrastructure Partners in a research note on Monday, September 11th. They set an “outperform” rating and a $48.00 target price for the company. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $49.44.

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Brookfield Infrastructure Partners 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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