Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,600 shares of the utilities provider’s stock after acquiring an additional 1,700 shares during the period. Public Sector Pension Investment Board’s holdings in Brookfield Infrastructure Partners were worth $1,197,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Capital World Investors increased its holdings in shares of Brookfield Infrastructure Partners by 8.9% in the 1st quarter. Capital World Investors now owns 38,365,956 shares of the utilities provider’s stock valued at $1,198,095,000 after purchasing an additional 3,141,038 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Brookfield Infrastructure Partners by 8.5% in the first quarter. Principal Financial Group Inc. now owns 21,652,827 shares of the utilities provider’s stock valued at $675,785,000 after buying an additional 1,701,587 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of Brookfield Infrastructure Partners by 9.6% during the 4th quarter. 1832 Asset Management L.P. now owns 19,209,097 shares of the utilities provider’s stock valued at $604,894,000 after acquiring an additional 1,678,140 shares during the period. Wulff Hansen & CO. boosted its stake in shares of Brookfield Infrastructure Partners by 2,562.9% during the 2nd quarter. Wulff Hansen & CO. now owns 1,615,448 shares of the utilities provider’s stock worth $44,328,000 after acquiring an additional 1,554,782 shares in the last quarter. Finally, CCLA Investment Management increased its stake in Brookfield Infrastructure Partners by 35.0% in the 2nd quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider’s stock valued at $119,180,000 after purchasing an additional 1,125,964 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BIP. Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. Jefferies Financial Group increased their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Monday. Finally, StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and an average price target of $38.50.

Brookfield Infrastructure Partners Trading Down 1.3 %

Shares of Brookfield Infrastructure Partners stock opened at $34.57 on Wednesday. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $21.03 and a fifty-two week high of $35.48. The business’s fifty day moving average is $31.98 and its two-hundred day moving average is $29.94. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.58. The firm has a market cap of $16.04 billion, a PE ratio of 111.52 and a beta of 1.05.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.80). The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. Brookfield Infrastructure Partners’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.15 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Infrastructure Partners’s payout ratio is currently 522.58%.

Brookfield Infrastructure Partners 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.