Captrust Financial Advisors raised its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 10,118.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,514 shares of the utilities provider’s stock after buying an additional 47,049 shares during the quarter. Captrust Financial Advisors’ holdings in Brookfield Infrastructure Partners were worth $2,040,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Bank of Montreal Can boosted its holdings in shares of Brookfield Infrastructure Partners by 6.5% in the 2nd quarter. Bank of Montreal Can now owns 18,008,806 shares of the utilities provider’s stock worth $773,298,000 after purchasing an additional 1,097,680 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Brookfield Infrastructure Partners by 9.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,603,499 shares of the utilities provider’s stock valued at $192,749,000 after acquiring an additional 413,425 shares during the period. CIBC World Markets Inc. boosted its holdings in Brookfield Infrastructure Partners by 89.3% during the 1st quarter. CIBC World Markets Inc. now owns 3,943,658 shares of the utilities provider’s stock valued at $165,121,000 after acquiring an additional 1,860,702 shares during the period. CIBC Asset Management Inc boosted its holdings in Brookfield Infrastructure Partners by 21.0% during the 2nd quarter. CIBC Asset Management Inc now owns 3,183,721 shares of the utilities provider’s stock valued at $136,458,000 after acquiring an additional 551,748 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in Brookfield Infrastructure Partners by 7.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,684,738 shares of the utilities provider’s stock valued at $70,124,000 after acquiring an additional 113,852 shares during the period. Institutional investors and hedge funds own 46.37% of the company’s stock.
BIP has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price target (up previously from $50.00) on shares of Brookfield Infrastructure Partners in a research report on Friday. Raymond James set a $52.00 price target on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research report on Friday. Barclays reaffirmed a “hold” rating on shares of Brookfield Infrastructure Partners in a research report on Friday, August 2nd. Finally, Bank of America increased their target price on Brookfield Infrastructure Partners from $47.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $48.09.
Shares of BIP stock opened at $49.05 on Friday. Brookfield Infrastructure Partners L.P. has a 12-month low of $32.26 and a 12-month high of $49.99. The stock’s 50-day moving average price is $46.59 and its 200-day moving average price is $43.34. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 83.14, a price-to-earnings-growth ratio of 1.07 and a beta of 0.85.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.01 billion. Brookfield Infrastructure Partners had a return on equity of 1.40% and a net margin of 3.32%. The firm’s revenue was up 61.4% on a year-over-year basis. During the same quarter last year, the business posted $0.75 earnings per share. As a group, research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.43 EPS for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a $0.502 dividend. The ex-dividend date of this dividend is Thursday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 340.68%.
Brookfield Infrastructure Partners Profile
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.
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