Brookfield Infrastructure Partners LP (BIP) Stake Held by New England Private Wealth Advisors LLC

New England Private Wealth Advisors LLC continued to hold its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,500 shares of the utilities provider’s stock at the end of the 2nd quarter. New England Private Wealth Advisors LLC’s holdings in Brookfield Infrastructure Partners were worth $797,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in Brookfield Infrastructure Partners by 17.6% during the second quarter. Wells Fargo & Company MN now owns 366,749 shares of the utilities provider’s stock worth $15,003,000 after purchasing an additional 54,795 shares during the last quarter. CIBC World Markets Inc. bought a new stake in Brookfield Infrastructure Partners during the second quarter worth about $57,006,000. Private Advisor Group LLC lifted its stake in Brookfield Infrastructure Partners by 38.6% during the second quarter. Private Advisor Group LLC now owns 21,005 shares of the utilities provider’s stock worth $846,000 after purchasing an additional 5,852 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in Brookfield Infrastructure Partners during the second quarter worth about $203,000. Finally, State of Tennessee Treasury Department bought a new stake in Brookfield Infrastructure Partners during the second quarter worth about $3,709,000. 33.32% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on BIP. Credit Suisse Group lowered Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target for the company. in a research note on Tuesday, August 22nd. BMO Capital Markets lowered Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target for the company. in a research note on Tuesday, August 22nd. Zacks Investment Research lowered Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub raised Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, TD Securities lifted their price target on Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.55.

Brookfield Infrastructure Partners LP (NYSE BIP) traded up 1.67% during midday trading on Friday, hitting $43.35. The stock had a trading volume of 595,489 shares. The stock’s 50-day moving average is $42.52 and its 200-day moving average is $39.89. Brookfield Infrastructure Partners LP has a 1-year low of $30.76 and a 1-year high of $44.91. The company has a market capitalization of $11.26 billion, a PE ratio of 95.27 and a beta of 1.09.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.86. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. The business had revenue of $934 million during the quarter, compared to the consensus estimate of $768 million. Equities research analysts forecast that Brookfield Infrastructure Partners LP will post $1.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Tuesday, August 29th. Brookfield Infrastructure Partners’s payout ratio is 370.22%.

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Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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

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