Chicago Partners Investment Group LLC Sells 2,214 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Chicago Partners Investment Group LLC lessened its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 0.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 548,474 shares of the utilities provider’s stock after selling 2,214 shares during the quarter. Chicago Partners Investment Group LLC owned approximately 0.12% of Brookfield Infrastructure Partners worth $19,262,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter worth about $26,000. Bank & Trust Co bought a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at approximately $31,000. Clear Point Advisors Inc. acquired a new stake in Brookfield Infrastructure Partners during the 1st quarter worth approximately $33,000. Park Place Capital Corp bought a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $41,000. Finally, Asset Dedication LLC bought a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at $46,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $34.14 on Friday. The firm has a market capitalization of $15.84 billion, a P/E ratio of -200.82 and a beta of 1.06. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50. The company has a fifty day moving average of $33.81 and a 200-day moving average of $30.89. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.58.

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

About Brookfield Infrastructure Partners

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.