Brookfield Infrastructure Partners LP (BIP) Position Increased by Morse Asset Management Inc

Morse Asset Management Inc raised its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 21.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,200 shares of the utilities provider’s stock after purchasing an additional 3,900 shares during the quarter. Morse Asset Management Inc’s holdings in Brookfield Infrastructure Partners were worth $958,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in Brookfield Infrastructure Partners by 2,000.0% in the 2nd 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 period. Arcadia Investment Management Corp MI purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth about $109,000. Bollard Group LLC raised its position in Brookfield Infrastructure Partners by 1.0% in the 2nd 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 period. McKinley Carter Wealth Services Inc. purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth about $210,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in Brookfield Infrastructure Partners in the 2nd quarter worth about $203,000. 33.89% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.86). The company 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%.

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A number of analysts recently weighed in on the stock. TD Securities increased their price objective on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Scotiabank upped their target price on shares of Brookfield Infrastructure Partners from $42.50 to $43.50 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Royal Bank Of Canada upped their target price on shares of Brookfield Infrastructure Partners from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $49.44.

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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