Bank of Nova Scotia Trust Co. lifted its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 19.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,463 shares of the utilities provider’s stock after purchasing an additional 5,115 shares during the quarter. Bank of Nova Scotia Trust Co.’s holdings in Brookfield Infrastructure Partners were worth $1,288,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bellwether Investment Group LLC grew its holdings in shares of Brookfield Infrastructure Partners by 1.2% in the 1st quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 32 shares during the last quarter. US Bancorp DE grew its holdings in shares of Brookfield Infrastructure Partners by 113.5% in the 1st quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock worth $121,000 after purchasing an additional 1,660 shares during the last quarter. Bollard Group LLC grew its holdings in shares of Brookfield Infrastructure Partners by 1.0% in the 2nd quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 38 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 2nd quarter worth about $203,000. Finally, Hudock Capital Group LLC grew its holdings in shares of Brookfield Infrastructure Partners by 37.1% in the 2nd quarter. Hudock Capital Group LLC now owns 5,109 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 1,382 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts have recently weighed in on the stock. Credit Suisse Group lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Tuesday, August 22nd. BMO Capital Markets lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 target price on the stock. in a report on Tuesday, August 22nd. Scotiabank reaffirmed an “outperform” rating and issued a $53.00 target price on shares of Brookfield Infrastructure Partners in a report on Monday, September 18th. TD Securities upped their target price on shares of Brookfield Infrastructure Partners to $57.00 and gave the stock a “buy” rating in a report on Monday, September 18th. Finally, Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $49.22.

Shares of Brookfield Infrastructure Partners LP (BIP) traded up 0.44% during midday trading on Friday, reaching $43.14. 294,509 shares of the company’s stock were exchanged. Brookfield Infrastructure Partners LP has a 12 month low of $30.76 and a 12 month high of $44.91. The stock has a market cap of $11.20 billion, a PE ratio of 94.81 and a beta of 1.09. The company’s 50 day moving average is $42.96 and its 200-day moving average is $40.26.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results 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 business had revenue of $934.00 million for the quarter, compared to analyst estimates of $768.00 million. Brookfield Infrastructure Partners had a return on equity of 2.70% and a net margin of 9.36%. Equities analysts forecast that Brookfield Infrastructure Partners LP will post $1.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Tuesday, August 29th. Brookfield Infrastructure Partners’s payout ratio is 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).

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

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