Brookfield Infrastructure Partners LP $BIP Shares Sold by Davis Rea LTD.

Davis Rea LTD. lessened its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,419 shares of the utilities provider’s stock after selling 2,070 shares during the quarter. Davis Rea LTD.’s holdings in Brookfield Infrastructure Partners were worth $2,362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. North Capital Inc. acquired a new position in Brookfield Infrastructure Partners in the 1st quarter worth approximately $35,000. SouthState Corp acquired a new position in Brookfield Infrastructure Partners in the 1st quarter worth approximately $37,000. Farther Finance Advisors LLC increased its holdings in Brookfield Infrastructure Partners by 565.6% in the 1st quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider’s stock worth $68,000 after buying an additional 1,906 shares during the period. Pandora Wealth Inc. acquired a new position in Brookfield Infrastructure Partners in the 1st quarter worth approximately $80,000. Finally, State of Wyoming acquired a new position in Brookfield Infrastructure Partners in the 1st quarter worth approximately $97,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BIP. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a report on Wednesday. Royal Bank Of Canada set a $40.00 price objective on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. National Bank Financial upgraded Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Jefferies Financial Group began coverage on Brookfield Infrastructure Partners in a research report on Friday, August 29th. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Wall Street Zen lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.14.

Brookfield Infrastructure Partners Trading Up 1.0%

Shares of NYSE:BIP opened at $34.35 on Friday. Brookfield Infrastructure Partners LP has a 1 year low of $25.72 and a 1 year high of $36.50. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 687.14 and a beta of 1.16. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.88 and a quick ratio of 0.85. The business’s 50 day moving average price is $31.45 and its 200-day moving average price is $31.49.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business earned $0.77 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a dividend of $0.43 per share. The ex-dividend date was Friday, August 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.0%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 3,440.00%.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.