Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Davis Rea LTD.

Davis Rea LTD. decreased its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,392 shares of the utilities provider’s stock after selling 5,340 shares during the period. Brookfield Infrastructure Partners makes up approximately 1.0% of Davis Rea LTD.’s investment portfolio, making the stock its 20th largest position. Davis Rea LTD.’s holdings in Brookfield Infrastructure Partners were worth $2,361,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Private Advisor Group LLC increased its holdings in shares of Brookfield Infrastructure Partners by 2.2% during the 1st quarter. Private Advisor Group LLC now owns 37,964 shares of the utilities provider’s stock worth $1,185,000 after buying an additional 830 shares during the last quarter. Coronation Fund Managers Ltd. boosted its position in shares of Brookfield Infrastructure Partners by 46.4% during the 1st quarter. Coronation Fund Managers Ltd. now owns 97,038 shares of the utilities provider’s stock worth $3,029,000 after purchasing an additional 30,737 shares during the period. Gold Investment Management Ltd. boosted its position in shares of Brookfield Infrastructure Partners by 2.4% during the 1st quarter. Gold Investment Management Ltd. now owns 173,223 shares of the utilities provider’s stock worth $5,410,000 after purchasing an additional 4,119 shares during the period. Tranquility Partners LLC boosted its position in shares of Brookfield Infrastructure Partners by 1.6% during the 1st quarter. Tranquility Partners LLC now owns 68,361 shares of the utilities provider’s stock worth $2,134,000 after purchasing an additional 1,093 shares during the period. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Brookfield Infrastructure Partners during the 1st quarter worth approximately $247,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Sunday, September 15th. Jefferies Financial Group raised their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Brookfield Infrastructure Partners Price Performance

Shares of BIP opened at $34.85 on Thursday. The firm’s fifty day simple moving average is $33.74 and its 200-day simple moving average is $30.80. Brookfield Infrastructure Partners L.P. has a twelve month low of $22.21 and a twelve month high of $36.50. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 112.63 and a beta of 1.06.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.80). The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $1.91 billion. Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Equities analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.15 EPS for the current fiscal year.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.