Sei Investments Co. reduced its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 14.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,991 shares of the utilities provider’s stock after selling 5,595 shares during the period. Sei Investments Co.’s holdings in Brookfield Infrastructure Partners were worth $1,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bellwether Investment Group LLC raised its position in shares of Brookfield Infrastructure Partners by 1.2% in the first quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock valued at $105,000 after buying an additional 32 shares during the last quarter. Bollard Group LLC raised its position in shares of Brookfield Infrastructure Partners by 1.0% in the second quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock valued at $151,000 after buying an additional 38 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of Brookfield Infrastructure Partners by 0.5% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 12,400 shares of the utilities provider’s stock valued at $507,000 after buying an additional 65 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Brookfield Infrastructure Partners by 1.1% in the first quarter. Stratos Wealth Partners LTD. now owns 8,749 shares of the utilities provider’s stock valued at $338,000 after buying an additional 98 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Brookfield Infrastructure Partners by 5.5% in the second quarter. Janney Montgomery Scott LLC now owns 6,407 shares of the utilities provider’s stock valued at $262,000 after buying an additional 335 shares during the last quarter. 33.30% of the stock is currently owned by institutional investors.

Shares of Brookfield Infrastructure Partners LP (BIP) opened at 43.63 on Wednesday. Brookfield Infrastructure Partners LP has a 1-year low of $30.76 and a 1-year high of $44.91. The stock’s 50 day moving average price is $41.66 and its 200 day moving average price is $39.44. The company has a market cap of $11.33 billion, a P/E ratio of 95.89 and a beta of 1.11.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.86. The firm had revenue of $934 million during the quarter, compared to analysts’ expectations of $768 million. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. Equities research analysts forecast that Brookfield Infrastructure Partners LP will post $1.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a $0.435 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.74 annualized dividend and a yield of 3.99%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 370.22%.

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Several research analysts have weighed in on the company. Zacks Investment Research lowered Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. BidaskClub lowered Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Scotiabank upped their target price on Brookfield Infrastructure Partners from $40.00 to $57.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 6th. TD Securities upped their target price on Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Finally, CSFB raised Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $44.00 in a research report on Friday, June 16th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $45.55.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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