Tyers Asset Management LLC bought a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 1,738 shares of the utilities provider’s stock, valued at approximately $75,000.

Several other institutional investors have also modified their holdings of BIP. SG Americas Securities LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter valued at about $661,000. Cetera Advisor Networks LLC bought a new position in Brookfield Infrastructure Partners during the 1st quarter valued at about $218,000. Moors & Cabot Inc. bought a new position in Brookfield Infrastructure Partners during the 1st quarter valued at about $376,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Brookfield Infrastructure Partners by 1.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 111,825 shares of the utilities provider’s stock valued at $4,675,000 after purchasing an additional 1,924 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in Brookfield Infrastructure Partners by 1.8% during the 1st quarter. Raymond James & Associates now owns 436,943 shares of the utilities provider’s stock valued at $18,267,000 after purchasing an additional 7,907 shares during the last quarter. Institutional investors and hedge funds own 46.42% of the company’s stock.

Several equities analysts recently issued reports on BIP shares. Barclays reissued a “hold” rating on shares of Brookfield Infrastructure Partners in a report on Friday, August 2nd. Bank of America lifted their price target on shares of Brookfield Infrastructure Partners from $43.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Industrial Alliance Securities lifted their price target on shares of Brookfield Infrastructure Partners from $47.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Raymond James lifted their price target on shares of Brookfield Infrastructure Partners from $49.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Credit Suisse Group set a $48.00 price target on shares of Brookfield Infrastructure Partners and gave the company a “hold” rating in a report on Monday, September 9th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $47.45.

Shares of NYSE BIP traded up $0.09 during trading on Friday, reaching $47.44. The company had a trading volume of 232,750 shares, compared to its average volume of 293,074. Brookfield Infrastructure Partners L.P. has a 52 week low of $32.26 and a 52 week high of $48.79. The stock has a market cap of $13.25 billion, a PE ratio of 1,578.33, a PEG ratio of 0.99 and a beta of 0.85. The business’s 50 day moving average price is $45.57 and its 200-day moving average price is $42.81.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Friday, August 2nd. The utilities provider reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.02. Brookfield Infrastructure Partners had a net margin of 3.32% and a return on equity of 1.40%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The company’s revenue was up 61.4% on a year-over-year basis. As a group, equities analysts expect that Brookfield Infrastructure Partners L.P. will post 3.44 EPS for the current year.

The business also recently announced a dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a $0.502 dividend. The ex-dividend date is Thursday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is presently 340.68%.

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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