Qube Research & Technologies Ltd Buys 14,657 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Qube Research & Technologies Ltd raised its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 42.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,822 shares of the utilities provider’s stock after purchasing an additional 14,657 shares during the period. Qube Research & Technologies Ltd’s holdings in Brookfield Infrastructure Partners were worth $2,712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BIP. Bank of Montreal Can boosted its stake in Brookfield Infrastructure Partners by 9.2% during the 2nd quarter. Bank of Montreal Can now owns 25,391,329 shares of the utilities provider’s stock valued at $1,390,937,000 after purchasing an additional 2,132,089 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 10.0% in the 1st quarter. TD Asset Management Inc. now owns 9,480,727 shares of the utilities provider’s stock worth $505,876,000 after buying an additional 858,675 shares during the last quarter. Morgan Stanley lifted its position in Brookfield Infrastructure Partners by 18.4% during the first quarter. Morgan Stanley now owns 4,528,576 shares of the utilities provider’s stock valued at $241,147,000 after purchasing an additional 704,158 shares in the last quarter. Principal Financial Group Inc. lifted its position in Brookfield Infrastructure Partners by 5.0% during the first quarter. Principal Financial Group Inc. now owns 8,948,825 shares of the utilities provider’s stock valued at $476,522,000 after purchasing an additional 428,141 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in Brookfield Infrastructure Partners by 182.3% during the first quarter. Clearbridge Investments LLC now owns 616,450 shares of the utilities provider’s stock valued at $32,826,000 after purchasing an additional 398,105 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

Shares of BIP stock opened at $56.28 on Thursday. Brookfield Infrastructure Partners L.P. has a 12-month low of $42.29 and a 12-month high of $58.58. The stock’s 50-day moving average price is $56.24 and its 200-day moving average price is $55.03. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 42.00 and a beta of 0.77.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, August 5th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.22). Brookfield Infrastructure Partners had a return on equity of 3.55% and a net margin of 7.12%. The firm had revenue of $2.66 billion during the quarter. As a group, research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 29th. Shareholders of record on Tuesday, August 31st were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, August 30th. This represents a $2.04 annualized dividend and a yield of 3.62%. Brookfield Infrastructure Partners’s payout ratio is currently 582.86%.

Several equities analysts recently weighed in on BIP shares. National Bankshares lifted their target price on Brookfield Infrastructure Partners from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, September 23rd. Zacks Investment Research raised Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Friday, September 24th. BMO Capital Markets began coverage on Brookfield Infrastructure Partners in a report on Thursday, September 9th. They set an “outperform” rating and a $63.00 price target on the stock. Wells Fargo & Company raised their price target on Brookfield Infrastructure Partners from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, National Bank Financial raised their price target on Brookfield Infrastructure Partners from $60.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday, September 23rd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $63.91.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners LP is an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Energy, Data Infrastructure, and Corporate.

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

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