Sentry Investments Corp. decreased its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,318,540 shares of the utilities provider’s stock after selling 103,050 shares during the period. Brookfield Infrastructure Partners makes up 1.3% of Sentry Investments Corp.’s portfolio, making the stock its 15th largest position. Sentry Investments Corp. owned 1.66% of Brookfield Infrastructure Partners worth $176,671,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Bellwether Investment Group LLC raised its stake in 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 worth $105,000 after buying an additional 32 shares during the period. US Bancorp DE raised its stake in Brookfield Infrastructure Partners by 113.5% in the first quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock worth $121,000 after buying an additional 1,660 shares during the period. Bollard Group LLC raised its stake in Brookfield Infrastructure Partners by 1.0% in the second quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock worth $151,000 after buying an additional 38 shares during the period. Hudock Capital Group LLC raised its stake in Brookfield Infrastructure Partners by 37.1% in the second quarter. Hudock Capital Group LLC now owns 5,109 shares of the utilities provider’s stock worth $209,000 after buying an additional 1,382 shares during the period. Finally, Cypress Asset Management Inc. TX bought a new stake in Brookfield Infrastructure Partners during the first quarter worth $220,000. 33.30% of the stock is owned by hedge funds and other institutional investors.

Shares of Brookfield Infrastructure Partners LP (BIP) traded up 0.82% during trading on Thursday, hitting $44.02. The stock had a trading volume of 64,807 shares. The stock has a 50-day moving average price of $41.66 and a 200 day moving average price of $39.44. The company has a market cap of $11.43 billion, a P/E ratio of 96.75 and a beta of 1.11. Brookfield Infrastructure Partners LP has a 12 month low of $30.76 and a 12 month high of $44.91.

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

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

ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/31/sentry-investments-corp-has-176-67-million-position-in-brookfield-infrastructure-partners-lp-bip.html.

A number of analysts have recently weighed in on BIP shares. Zacks Investment Research raised Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, June 20th. BidaskClub raised Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday, June 9th. Credit Suisse Group reaffirmed a “buy” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Wednesday, July 26th. Finally, TD Securities raised their price target on Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Brookfield Infrastructure Partners presently has an average rating of “Buy” and a consensus price target of $45.55.

Brookfield Infrastructure Partners Company Profile

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).

Want to see what other hedge funds are holding BIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN).

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

Receive News & Stock Ratings for Brookfield Infrastructure Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners LP and related stocks with our FREE daily email newsletter.