Baskin Financial Services Inc. Has $23.60 Million Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Baskin Financial Services Inc. lowered its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 476,635 shares of the utilities provider’s stock after selling 3,320 shares during the quarter. Brookfield Infrastructure Partners accounts for approximately 3.9% of Baskin Financial Services Inc.’s portfolio, making the stock its 7th largest position. Baskin Financial Services Inc. owned approximately 0.17% of Brookfield Infrastructure Partners worth $23,603,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Gradient Investments LLC increased its stake in shares of Brookfield Infrastructure Partners by 40.0% in the 2nd quarter. Gradient Investments LLC now owns 1,050 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 300 shares in the last quarter. Coastal Investment Advisors Inc. increased its stake in shares of Brookfield Infrastructure Partners by 266.7% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,100 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 800 shares in the last quarter. Glen Harbor Capital Management LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 2nd quarter valued at $54,000. Tyers Asset Management LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 2nd quarter valued at $75,000. Finally, Flinton Capital Management LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 2nd quarter valued at $95,000. Institutional investors own 46.37% of the company’s stock.

NYSE BIP opened at $48.51 on Friday. Brookfield Infrastructure Partners L.P. has a 1 year low of $32.26 and a 1 year high of $49.99. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 82.22, a PEG ratio of 1.40 and a beta of 0.82. The company has a fifty day moving average price of $48.02 and a 200-day moving average price of $44.11.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Friday, August 2nd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. Brookfield Infrastructure Partners had a net margin of 3.32% and a return on equity of 1.40%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue was up 61.4% compared to the same quarter last year. Equities analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.43 EPS for the current fiscal year.

The company also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $0.502 dividend. The ex-dividend date of this dividend was Thursday, August 29th. Brookfield Infrastructure Partners’s payout ratio is 340.68%.

Several analysts have recently weighed in on the stock. BMO Capital Markets set a $53.00 price objective on shares of Brookfield Infrastructure Partners and gave the company a “buy” rating in a research note on Friday, September 27th. CIBC restated a “hold” rating on shares of Brookfield Infrastructure Partners in a research note on Monday, September 30th. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Monday. Royal Bank of Canada restated an “outperform” rating and set a $53.00 price target (up previously from $50.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, September 27th. Finally, TD Securities boosted their price target on shares of Brookfield Infrastructure Partners from $49.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $49.25.

Brookfield Infrastructure Partners 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.

Further Reading: Average Daily Trade Volume – ADTV

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

Receive News & Ratings for Brookfield Infrastructure Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


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