Gen Wealth Partners Inc Buys 28,279 Shares of Brookfield Infrastructure Partners LP $BIP

Gen Wealth Partners Inc bought a new position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 28,279 shares of the utilities provider’s stock, valued at approximately $1,005,000.

A number of other large investors also recently bought and sold shares of the business. Western Pacific Wealth Management LP purchased a new position in Brookfield Infrastructure Partners during the third quarter worth approximately $27,000. Compass Financial Management LLC acquired a new stake in Brookfield Infrastructure Partners in the third quarter valued at approximately $33,000. Allied Private Wealth LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the second quarter valued at approximately $37,000. Bank & Trust Co purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $40,000. Finally, NFSG Corp purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

NYSE:BIP opened at $39.46 on Wednesday. Brookfield Infrastructure Partners LP has a 12 month low of $33.21 and a 12 month high of $44.03. The stock has a 50 day moving average of $36.72 and a two-hundred day moving average of $37.60. The company has a current ratio of 0.34, a quick ratio of 0.84 and a debt-to-equity ratio of 1.77. The firm has a market cap of $18.06 billion, a P/E ratio of 11.11 and a beta of 1.06.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Friday, November 6th. The utilities provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.94). The firm had revenue of $6.56 billion for the quarter, compared to analyst estimates of $2.20 billion. Brookfield Infrastructure Partners had a net margin of 1.98% and a return on equity of 1.55%. Brookfield Infrastructure Partners’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS. On average, analysts expect that Brookfield Infrastructure Partners LP will post 3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research note on Tuesday, November 3rd. BMO Capital Markets lifted their price target on shares of Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Morgan Stanley reduced their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Citigroup reaffirmed a “neutral” rating and set a $41.00 price objective (up from $37.00) on shares of Brookfield Infrastructure Partners in a report on Monday, August 3rd. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Brookfield Infrastructure Partners has an average rating of “Moderate Buy” and a consensus price target of $45.75.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. is a global owner and operator of essential infrastructure businesses. The partnership invests in assets that support the movement and delivery of energy, goods, data and other services. Its operations span utilities, transport, midstream and data infrastructure. These businesses include electricity and natural gas networks, railways, ports and toll roads, natural gas pipelines and storage, and communications infrastructure such as fiber networks and data centers.