Brookfield Infrastructure Partners LP $BIP Shares Newly Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC purchased a new position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the third quarter, HoldingsChannel reports. The firm purchased 53,997 shares of the utilities provider’s stock, valued at approximately $1,920,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its position in shares of Brookfield Infrastructure Partners by 1.8% in the third quarter. Chicago Partners Investment Group LLC now owns 491,060 shares of the utilities provider’s stock valued at $18,189,000 after buying an additional 8,776 shares during the last quarter. Compass Financial Management LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $33,000. MGO One Seven LLC raised its stake in Brookfield Infrastructure Partners by 10.0% in the 3rd quarter. MGO One Seven LLC now owns 9,974 shares of the utilities provider’s stock valued at $355,000 after acquiring an additional 909 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $43,000. Finally, Sage Investment Counsel LLC acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $1,333,000. Institutional investors own 57.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BIP shares. Canadian Imperial Bank of Commerce set a $44.00 price objective on shares of Brookfield Infrastructure Partners and gave the company an “outperformer” rating in a research report on Thursday, October 22nd. National Bank Financial upped their price target on shares of Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. BMO Capital Markets increased their price target on shares of Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Morgan Stanley lowered their price target on shares of Brookfield Infrastructure Partners from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Finally, Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.75.

Brookfield Infrastructure Partners Stock Performance

BIP opened at $38.17 on Thursday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.89 and a quick ratio of 0.84. The business has a fifty day simple moving average of $36.66 and a 200 day simple moving average of $37.51. Brookfield Infrastructure Partners LP has a 1 year low of $33.21 and a 1 year high of $44.03. The company has a market capitalization of $17.47 billion, a PE ratio of 61.56 and a beta of 1.06.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a global owner and operator of essential infrastructure assets. The partnership invests in and manages businesses that provide critical services to communities and industries, with a focus on long-term, durable cash flows and assets that are difficult to replicate.

Its operations span several infrastructure sectors, including utilities, transportation, midstream energy, and data infrastructure. The portfolio includes regulated and contracted businesses such as electricity and natural gas transmission and distribution systems, rail and port operations, natural gas pipelines and processing facilities, fiber-optic networks, data centers, and other communications infrastructure.

Brookfield Infrastructure serves customers across North America, South America, Europe, and the Asia-Pacific region.