Tandem Capital Management Corp ADV Lowers Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Tandem Capital Management Corp ADV lessened its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 43,669 shares of the utilities provider’s stock after selling 2,730 shares during the period. Tandem Capital Management Corp ADV’s holdings in Brookfield Infrastructure Partners were worth $1,530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BIP. Pathway Financial Advisers LLC grew its holdings in shares of Brookfield Infrastructure Partners by 1,616.3% in the third quarter. Pathway Financial Advisers LLC now owns 1,079,521 shares of the utilities provider’s stock valued at $37,826,000 after purchasing an additional 1,016,623 shares in the last quarter. Insight Folios Inc lifted its position in shares of Brookfield Infrastructure Partners by 3.2% during the 3rd quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider’s stock worth $587,000 after purchasing an additional 525 shares during the last quarter. Boston Trust Walden Corp acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter worth $212,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Brookfield Infrastructure Partners by 7.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,110 shares of the utilities provider’s stock worth $600,000 after buying an additional 1,173 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in Brookfield Infrastructure Partners by 1.7% during the third quarter. Lake Street Advisors Group LLC now owns 1,225,263 shares of the utilities provider’s stock worth $42,933,000 after purchasing an additional 20,610 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brookfield Infrastructure Partners Trading Up 0.6 %

Shares of BIP opened at $34.92 on Thursday. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $22.21 and a fifty-two week high of $36.50. The stock has a fifty day moving average of $33.68 and a two-hundred day moving average of $30.77. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market capitalization of $16.20 billion, a PE ratio of 112.63 and a beta of 1.06.

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

Brookfield Infrastructure Partners Company 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.