Brookfield Infrastructure Partners LP (BIP) Stake Increased by First Manhattan Co.

First Manhattan Co. grew its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 0.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,639,485 shares of the utilities provider’s stock after acquiring an additional 6,517 shares during the period. First Manhattan Co. owned about 0.63% of Brookfield Infrastructure Partners worth $70,727,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Arcadia Investment Management Corp MI bought a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $109,000. Tower Research Capital LLC TRC lifted its position in shares of Brookfield Infrastructure Partners by 2,000.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,100 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 2,000 shares during the last quarter. Bollard Group LLC lifted its position in shares of Brookfield Infrastructure Partners by 1.0% during the second quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 38 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners during the second quarter worth about $203,000. Finally, US Bancorp DE lifted its position in shares of Brookfield Infrastructure Partners by 61.1% during the second quarter. US Bancorp DE now owns 5,029 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 1,907 shares during the last quarter. 33.89% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.com-unik.info/2017/10/30/brookfield-infrastructure-partners-lp-bip-stake-increased-by-first-manhattan-co.html.

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) traded up 0.45% during trading on Monday, reaching $42.69. 45,093 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $43.01 and a 200-day moving average price of $41.37. The company has a market capitalization of $11.09 billion, a PE ratio of 93.82 and a beta of 1.08. Brookfield Infrastructure Partners LP has a 52-week low of $30.76 and a 52-week high of $44.91.

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

Several brokerages have recently commented on BIP. Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Wednesday, July 26th. TD Securities increased their price target on shares of Brookfield Infrastructure Partners to $57.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. BidaskClub cut shares of Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada increased their price target on shares of Brookfield Infrastructure Partners from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Brookfield Infrastructure Partners has an average rating of “Buy” and an average target price of $49.44.

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)

What are top analysts saying about Brookfield Infrastructure Partners LP? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Brookfield Infrastructure Partners LP and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit