Navellier & Associates Inc Takes Position in Brookfield Infrastructure Partners LP (BIP)

Navellier & Associates Inc acquired a new stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) in the second quarter, according to its most recent filing with the SEC. The fund acquired 14,671 shares of the utilities provider’s stock, valued at approximately $600,000.

A number of other institutional investors have also added to or reduced their stakes in BIP. US Bancorp DE grew its stake in Brookfield Infrastructure Partners by 113.5% in the 1st quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock valued at $121,000 after buying an additional 1,660 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Brookfield Infrastructure Partners during the 1st quarter valued at $350,000. Stifel Financial Corp grew its position in shares of Brookfield Infrastructure Partners by 48.9% during the 1st quarter. Stifel Financial Corp now owns 18,076 shares of the utilities provider’s stock valued at $699,000 after purchasing an additional 5,933 shares in the last quarter. Bank of America Corp DE grew its position in shares of Brookfield Infrastructure Partners by 15.9% during the 1st quarter. Bank of America Corp DE now owns 1,342,832 shares of the utilities provider’s stock valued at $51,927,000 after purchasing an additional 184,597 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Brookfield Infrastructure Partners by 4.4% during the 1st quarter. Jane Street Group LLC now owns 64,780 shares of the utilities provider’s stock valued at $2,506,000 after purchasing an additional 2,741 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.

A number of research analysts have recently commented on the stock. BMO Capital Markets lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target for the company. in a research report on Tuesday, August 22nd. Credit Suisse Group lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target for the company. in a research report on Tuesday, August 22nd. TD Securities boosted their price target on shares of Brookfield Infrastructure Partners to $57.00 and gave the company a “buy” rating in a research report on Monday, September 18th. Scotiabank restated an “outperform” rating and set a $53.00 price target on shares of Brookfield Infrastructure Partners in a research report on Monday, September 18th. Finally, Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Brookfield Infrastructure Partners has a consensus rating of “Buy” and a consensus price target of $49.44.

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Brookfield Infrastructure Partners LP (NYSE BIP) traded up 0.7179% on Wednesday, hitting $43.8828. 53,085 shares of the stock were exchanged. The company has a 50-day moving average of $43.01 and a 200 day moving average of $41.06. The firm has a market cap of $11.40 billion, a P/E ratio of 96.4457 and a beta of 1.08. Brookfield Infrastructure Partners LP has a 12 month low of $30.76 and a 12 month high of $44.91.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.86). The company had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $768.00 million. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. Equities research analysts expect that Brookfield Infrastructure Partners LP will post $1.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were paid a $0.435 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.99%. Brookfield Infrastructure Partners’s payout ratio is currently 370.22%.

About Brookfield Infrastructure Partners

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).

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

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