Principal Financial Group Reduces $170M in Brookfield Infrastructure Partners L.P. ($BIP)
Key Points
- Principal Financial Group changed its Brookfield Infrastructure Partners L.P. ($BIP) stake by 14.1% last quarter, cutting to 26,979,188 shares worth $1.04 billion.
- Wall Street's consensus rating on $BIP is Buy and an average price target of $44.18.
- $BIP last traded around $38.37.
Principal Financial Group reduced its position in Brookfield Infrastructure Partners L.P. ($BIP) by 14.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,979,188 shares of Brookfield Infrastructure Partners L.P. after selling 4,427,850 shares during the quarter. Principal Financial Group's holdings in Brookfield Infrastructure Partners L.P. were worth $1.04 billion as of its most recent filing.
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About Brookfield Infrastructure Partners L.P.
Brookfield Infrastructure Partners L.P. engages in the utilities, transport, midstream, and data businesses. The company provides transmission of energy and natural gas, and distribution; transport infrastructure including freight, toll road operations, transportation services and intermodal logistics; midstream infrastructure, such as midstream and storage services; and data transmission and distribution operations. In addition, it offers asset management, and wealth solutions. It operates in the United States, Canada, India, the United Kingdom, Brazil, Japan, Colombia, France, Australia, Germany, and internationally. The company was incorporated in 2007 and is based in Hamilton, Bermuda.
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