FineMark National Bank & Trust decreased its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 18.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,320 shares of the utilities provider’s stock after selling 1,605 shares during the period. FineMark National Bank & Trust’s holdings in Brookfield Infrastructure Partners were worth $316,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital World Investors lifted its stake in Brookfield Infrastructure Partners by 58.9% in the 2nd quarter. Capital World Investors now owns 5,215,000 shares of the utilities provider’s stock valued at $213,297,000 after acquiring an additional 1,932,672 shares in the last quarter. First Manhattan Co. increased its position in shares of Brookfield Infrastructure Partners by 0.4% during the 3rd quarter. First Manhattan Co. now owns 1,639,485 shares of the utilities provider’s stock worth $70,727,000 after purchasing an additional 6,517 shares during the last quarter. Geneva Advisors LLC increased its position in shares of Brookfield Infrastructure Partners by 10.0% during the 2nd quarter. Geneva Advisors LLC now owns 1,430,385 shares of the utilities provider’s stock worth $58,517,000 after purchasing an additional 130,105 shares during the last quarter. CIBC World Markets Inc. acquired a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter worth approximately $57,006,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter worth approximately $51,505,000. Hedge funds and other institutional investors own 33.89% of the company’s stock.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.86). Brookfield Infrastructure Partners had a return on equity of 2.70% and a net margin of 9.36%. The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $768.00 million.

Several research firms have weighed in on BIP. BMO Capital Markets lowered Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research report on Tuesday, August 22nd. Credit Suisse Group lowered Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research report on Tuesday, August 22nd. Scotiabank reaffirmed an “outperform” rating and set a $53.00 price target on shares of Brookfield Infrastructure Partners in a research report on Monday, September 18th. TD Securities boosted their price target on Brookfield Infrastructure Partners to $57.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Finally, Zacks Investment Research lowered Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $49.44.

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Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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

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