14,383 Shares in Brookfield Infrastructure Partners LP $BIP Bought by Brighton Jones LLC

Brighton Jones LLC bought a new stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 14,383 shares of the utilities provider’s stock, valued at approximately $511,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gold Investment Management Ltd. acquired a new position in Brookfield Infrastructure Partners in the third quarter valued at about $6,435,000. Cardinal Point Capital Management ULC bought a new position in Brookfield Infrastructure Partners during the third quarter worth about $1,075,000. Ninepoint Partners LP acquired a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter worth about $2,452,000. Oak Grove Capital LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth about $2,936,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth about $1,920,000. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Up 0.8%

Shares of BIP stock opened at $39.45 on Friday. Brookfield Infrastructure Partners LP has a 12-month low of $33.21 and a 12-month high of $44.03. The company has a quick ratio of 0.84, a current ratio of 0.34 and a debt-to-equity ratio of 1.77. The firm has a fifty day moving average of $36.88 and a 200-day moving average of $37.66. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 10.97 and a beta of 1.06.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Friday, November 6th. The utilities provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.94). The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $2.20 billion. Brookfield Infrastructure Partners had a return on equity of 1.55% and a net margin of 1.98%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.83 earnings per share. As a group, equities research analysts predict that Brookfield Infrastructure Partners LP will post 3.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. National Bank Financial lifted their price objective on shares of Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research note on Tuesday, November 3rd. BMO Capital Markets increased their target price on shares of Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce set a $44.00 target price on shares of Brookfield Infrastructure Partners and gave the stock an “outperformer” rating in a report on Thursday, October 22nd. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.75.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. is a global owner and operator of essential infrastructure businesses. The partnership invests in assets that support the movement and delivery of energy, goods, data and other services. Its operations span utilities, transport, midstream and data infrastructure. These businesses include electricity and natural gas networks, railways, ports and toll roads, natural gas pipelines and storage, and communications infrastructure such as fiber networks and data centers.