Atlantic Trust Group LLC raised its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,504 shares of the utilities provider’s stock after buying an additional 21 shares during the quarter. Atlantic Trust Group LLC’s holdings in Brookfield Infrastructure Partners were worth $553,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BIP. Bellwether Investment Group LLC lifted its position in shares of 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 buying an additional 32 shares during the last quarter. US Bancorp DE lifted its position in shares of 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 buying an additional 1,660 shares during the last quarter. Bollard Group LLC lifted its position in shares of 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 buying an additional 38 shares during the last quarter. Hudock Capital Group LLC lifted its position in shares of 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 buying an additional 1,382 shares during the last quarter. Finally, Cypress Asset Management Inc. TX purchased a new stake in shares of Brookfield Infrastructure Partners during the first quarter valued at about $220,000. 33.32% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners LP (BIP) opened at 41.79 on Wednesday. Brookfield Infrastructure Partners LP has a 12-month low of $30.76 and a 12-month high of $44.91. The stock’s 50 day moving average is $42.62 and its 200 day moving average is $39.99. The firm has a market cap of $10.85 billion, a P/E ratio of 91.85 and a beta of 1.09.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.86). The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $768.00 million. Brookfield Infrastructure Partners had a return on equity of 2.70% and a net margin of 9.36%. On average, equities research analysts expect that Brookfield Infrastructure Partners LP will post $1.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 4.16%. The ex-dividend date is Tuesday, August 29th. Brookfield Infrastructure Partners’s payout ratio is 370.22%.

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Several analysts have commented on the stock. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Friday, June 2nd. BidaskClub lowered shares of Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Scotiabank increased their price target on shares of Brookfield Infrastructure Partners from $40.00 to $57.00 and gave the company an “outperform” rating in a research report on Tuesday, June 6th. Credit Suisse Group reissued a “buy” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Wednesday, July 26th. Finally, Raymond James Financial, Inc. increased their price target on shares of Brookfield Infrastructure Partners from $43.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, June 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Brookfield Infrastructure Partners presently has a consensus rating of “Buy” and an average target price of $45.95.

Brookfield Infrastructure Partners 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).

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

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