TD Asset Management Inc. trimmed its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,338,947 shares of the utilities provider’s stock after selling 107,695 shares during the quarter. TD Asset Management Inc. owned 2.98% of Brookfield Infrastructure Partners worth $358,181,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Stratos Wealth Partners LTD. grew its position in shares of Brookfield Infrastructure Partners by 3.4% during the first quarter. Stratos Wealth Partners LTD. now owns 7,601 shares of the utilities provider’s stock worth $318,000 after buying an additional 250 shares in the last quarter. Hudock Capital Group LLC lifted its stake in Brookfield Infrastructure Partners by 10.3% during the second quarter. Hudock Capital Group LLC now owns 2,811 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 262 shares during the last quarter. Gradient Investments LLC lifted its stake in Brookfield Infrastructure Partners by 40.0% during the second quarter. Gradient Investments LLC now owns 1,050 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 300 shares during the last quarter. KC Investment Advisors LLC lifted its stake in Brookfield Infrastructure Partners by 5.0% in the first quarter. KC Investment Advisors LLC now owns 7,600 shares of the utilities provider’s stock valued at $318,000 after buying an additional 360 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Brookfield Infrastructure Partners by 2.9% in the second quarter. SG Americas Securities LLC now owns 16,255 shares of the utilities provider’s stock valued at $698,000 after buying an additional 464 shares during the last quarter. 48.23% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on BIP shares. National Bank Financial restated an “outperform” rating and set a $50.00 price target on shares of Brookfield Infrastructure Partners in a research note on Thursday, July 18th. Barclays restated a “hold” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, August 2nd. TD Securities upped their price objective on Brookfield Infrastructure Partners from $48.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Raymond James upped their price objective on Brookfield Infrastructure Partners from $49.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Industrial Alliance Securities upped their price objective on Brookfield Infrastructure Partners from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.41.

Shares of BIP stock traded up $0.44 during trading hours on Tuesday, reaching $44.50. The company had a trading volume of 23,332 shares, compared to its average volume of 338,755. Brookfield Infrastructure Partners L.P. has a twelve month low of $32.26 and a twelve month high of $44.74. The stock has a market capitalization of $12.40 billion, a P/E ratio of 75.47, a P/E/G ratio of 0.93 and a beta of 0.90. The company’s fifty day simple moving average is $43.74.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Friday, August 2nd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Brookfield Infrastructure Partners had a return on equity of 1.40% and a net margin of 3.32%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 61.4% compared to the same quarter last year. On average, equities analysts predict that Brookfield Infrastructure Partners L.P. will post 3.44 earnings per share for the current year.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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

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