Neuburgh Advisers LLC purchased a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,686 shares of the utilities provider’s stock, valued at approximately $115,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nexus Investment Management Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 0.6% during the second quarter. Nexus Investment Management Inc. now owns 686,999 shares of the utilities provider’s stock valued at $29,445,000 after acquiring an additional 3,988 shares during the last quarter. Creative Planning raised its holdings in shares of Brookfield Infrastructure Partners by 10.0% during the second quarter. Creative Planning now owns 29,014 shares of the utilities provider’s stock valued at $1,246,000 after acquiring an additional 2,649 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Brookfield Infrastructure Partners by 6.5% during the second quarter. Bank of Montreal Can now owns 18,008,806 shares of the utilities provider’s stock valued at $773,298,000 after acquiring an additional 1,097,680 shares during the last quarter. Bridgecreek Investment Management LLC acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter valued at approximately $2,710,000. Finally, Clearstead Advisors LLC raised its holdings in shares of Brookfield Infrastructure Partners by 10.0% during the second quarter. Clearstead Advisors LLC now owns 50,879 shares of the utilities provider’s stock valued at $2,185,000 after acquiring an additional 4,642 shares during the last quarter. 46.42% of the stock is owned by institutional investors.

A number of equities analysts have commented on the company. Zacks Investment Research cut Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Barclays reissued a “hold” rating on shares of Brookfield Infrastructure Partners in a report on Friday, August 2nd. Credit Suisse Group set a $48.00 target price on Brookfield Infrastructure Partners and gave the company a “hold” rating in a report on Monday. Royal Bank of Canada upped their price target on Brookfield Infrastructure Partners from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, National Bank Financial restated an “outperform” rating and issued a $50.00 price target on shares of Brookfield Infrastructure Partners in a research report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $47.45.

Shares of BIP stock traded up $0.44 during trading hours on Friday, reaching $47.79. The company had a trading volume of 15,633 shares, compared to its average volume of 300,143. The stock has a fifty day moving average of $45.50 and a 200-day moving average of $42.78. The company has a market capitalization of $13.35 billion, a price-to-earnings ratio of 80.90, a PEG ratio of 0.99 and a beta of 0.85. Brookfield Infrastructure Partners L.P. has a 12-month low of $32.26 and a 12-month high of $48.79.

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

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

About Brookfield Infrastructure Partners

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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