Lincluden Management Ltd. Sells 19,622 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Lincluden Management Ltd. decreased its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 619,308 shares of the utilities provider's stock after selling 19,622 shares during the quarter. Brookfield Infrastructure Partners accounts for approximately 2.4% of Lincluden Management Ltd.'s investment portfolio, making the stock its 14th largest position. Lincluden Management Ltd. owned 0.13% of Brookfield Infrastructure Partners worth $21,751,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BIP. Cedar Mountain Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $26,000. Bank & Trust Co acquired a new position in shares of Brookfield Infrastructure Partners in the second quarter valued at approximately $31,000. Clear Point Advisors Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the first quarter valued at approximately $33,000. Park Place Capital Corp bought a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $41,000. Finally, Asset Dedication LLC bought a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Down 0.3 %

BIP traded down $0.10 during mid-day trading on Friday, reaching $34.14. 341,002 shares of the stock were exchanged, compared to its average volume of 433,512. Brookfield Infrastructure Partners L.P. has a 1 year low of $24.84 and a 1 year high of $36.50. The company has a 50 day moving average price of $33.78 and a two-hundred day moving average price of $30.83. The stock has a market capitalization of $15.84 billion, a PE ratio of -201.12 and a beta of 1.06. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.76 and a current ratio of 0.81.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share 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 company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company earned $0.72 earnings per share. The company's quarterly revenue was up 20.7% on a year-over-year basis. As a group, research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.15 EPS for the current year.

Analysts Set New Price Targets

BIP has been the subject of several analyst reports. Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a "strong-buy" rating in a report on Friday, August 2nd. Jefferies Financial Group raised their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Sunday, September 15th. Three investment 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $39.50.

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.