Brasada Capital Management LP Grows Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Brasada Capital Management LP increased its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,870 shares of the utilities provider’s stock after buying an additional 1,500 shares during the period. Brasada Capital Management LP’s holdings in Brookfield Infrastructure Partners were worth $1,581,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its stake in Brookfield Infrastructure Partners by 6.5% during the 2nd quarter. Bank of Montreal Can now owns 18,008,806 shares of the utilities provider’s stock worth $773,298,000 after buying an additional 1,097,680 shares during the period. CIBC Asset Management Inc raised its stake in shares of Brookfield Infrastructure Partners by 10.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,519,734 shares of the utilities provider’s stock valued at $174,303,000 after buying an additional 336,013 shares in the last quarter. Scotia Capital Inc. raised its stake in shares of Brookfield Infrastructure Partners by 7.9% in the 2nd quarter. Scotia Capital Inc. now owns 2,259,396 shares of the utilities provider’s stock valued at $96,640,000 after buying an additional 164,790 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Brookfield Infrastructure Partners by 9.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,847,860 shares of the utilities provider’s stock valued at $91,801,000 after buying an additional 161,062 shares in the last quarter. Finally, Intact Investment Management Inc. raised its stake in shares of Brookfield Infrastructure Partners by 10.0% in the 2nd quarter. Intact Investment Management Inc. now owns 1,146,200 shares of the utilities provider’s stock valued at $64,187,000 after buying an additional 103,900 shares in the last quarter. 46.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:BIP opened at $51.14 on Friday. Brookfield Infrastructure Partners L.P. has a 12 month low of $32.26 and a 12 month high of $51.19. The company’s 50-day moving average price is $49.01 and its two-hundred day moving average price is $45.01. The firm has a market cap of $14.01 billion, a P/E ratio of 86.68, a P/E/G ratio of 1.47 and a beta of 0.81.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.74). Brookfield Infrastructure Partners had a return on equity of 1.40% and a net margin of 3.32%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.08 billion. Brookfield Infrastructure Partners’s quarterly revenue was up 42.6% on a year-over-year basis. As a group, analysts expect that Brookfield Infrastructure Partners L.P. will post 3.4 EPS for the current year.

A number of brokerages have recently issued reports on BIP. Raymond James set a $52.00 price objective on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Friday. Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Credit Suisse Group set a $48.00 target price on shares of Brookfield Infrastructure Partners and gave the stock a “hold” rating in a research report on Monday, September 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $53.00 target price (up previously from $50.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, September 27th. Finally, BMO Capital Markets set a $53.00 target price on shares of Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $49.91.

About Brookfield Infrastructure Partners

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.

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

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