CIBC World Markets Inc. purchased a new stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,393,459 shares of the utilities provider’s stock, valued at approximately $57,006,000. CIBC World Markets Inc. owned approximately 0.54% of Brookfield Infrastructure Partners as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bellwether Investment Group LLC raised its stake in Brookfield Infrastructure Partners by 1.2% during the first quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 32 shares in the last quarter. US Bancorp DE raised its stake in Brookfield Infrastructure Partners by 113.5% during the first quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 1,660 shares in the last quarter. Bollard Group LLC raised its stake in Brookfield Infrastructure Partners by 1.0% during the second quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock valued at $151,000 after purchasing an additional 38 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in Brookfield Infrastructure Partners during the second quarter valued at $203,000. Finally, Hudock Capital Group LLC raised its stake in Brookfield Infrastructure Partners by 37.1% during the second quarter. Hudock Capital Group LLC now owns 5,109 shares of the utilities provider’s stock valued at $209,000 after purchasing an additional 1,382 shares in the last quarter. 33.32% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/09/07/cibc-world-markets-inc-invests-57-01-million-in-brookfield-infrastructure-partners-lp-bip.html.

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets downgraded shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research note on Tuesday, August 22nd. Credit Suisse Group downgraded shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research note on Tuesday, August 22nd. BidaskClub raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, TD Securities upped their price target on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $45.55.

Shares of Brookfield Infrastructure Partners LP (BIP) traded up 1.5757% during midday trading on Thursday, hitting $42.9767. 43,639 shares of the stock traded hands. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 94.4543 and a beta of 1.09. Brookfield Infrastructure Partners LP has a 12-month low of $30.76 and a 12-month high of $44.91. The company’s 50 day moving average price is $42.35 and its 200-day moving average price is $39.85.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.86. The company 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%. On average, equities research analysts expect that Brookfield Infrastructure Partners LP will post $1.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.435 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.74 annualized dividend and a yield of 4.11%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 370.22%.

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).

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.