Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Purchased by Qube Research & Technologies Ltd

Qube Research & Technologies Ltd lifted its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 42.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 48,822 shares of the utilities provider’s stock after acquiring an additional 14,657 shares during the period. Qube Research & Technologies Ltd’s holdings in Brookfield Infrastructure Partners were worth $2,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIP. AGF Investments Inc. boosted its holdings in Brookfield Infrastructure Partners by 35.5% in the second quarter. AGF Investments Inc. now owns 903,364 shares of the utilities provider’s stock valued at $50,153,000 after purchasing an additional 236,601 shares during the last quarter. Tacita Capital Inc boosted its holdings in Brookfield Infrastructure Partners by 10.7% in the second quarter. Tacita Capital Inc now owns 71,808 shares of the utilities provider’s stock valued at $3,983,000 after purchasing an additional 6,940 shares during the last quarter. Atlantic Trust LLC purchased a new stake in Brookfield Infrastructure Partners in the second quarter valued at $1,475,000. Clearstead Advisors LLC boosted its holdings in Brookfield Infrastructure Partners by 1.1% in the second quarter. Clearstead Advisors LLC now owns 22,007 shares of the utilities provider’s stock valued at $1,222,000 after purchasing an additional 250 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Brookfield Infrastructure Partners by 20.1% in the first quarter. Renaissance Technologies LLC now owns 45,500 shares of the utilities provider’s stock valued at $2,428,000 after purchasing an additional 7,600 shares during the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

BIP has been the topic of several recent research reports. Wells Fargo & Company upped their price target on shares of Brookfield Infrastructure Partners from $62.00 to $63.00 and gave the company an “overweight” rating in a report on Wednesday. National Bank Financial upped their price target on shares of Brookfield Infrastructure Partners from $60.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday, September 23rd. TD Securities started coverage on shares of Brookfield Infrastructure Partners in a research note on Friday, September 17th. They set a “buy” rating and a $63.00 target price on the stock. National Bankshares increased their target price on shares of Brookfield Infrastructure Partners from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, September 23rd. Finally, CIBC started coverage on shares of Brookfield Infrastructure Partners in a research note on Tuesday, June 22nd. They set an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $63.91.

Shares of Brookfield Infrastructure Partners stock opened at $56.28 on Thursday. The firm has a market capitalization of $16.62 billion, a PE ratio of 42.00 and a beta of 0.77. Brookfield Infrastructure Partners L.P. has a twelve month low of $42.29 and a twelve month high of $58.58. The firm’s 50-day moving average price is $56.24 and its 200 day moving average price is $55.03.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Thursday, August 5th. The utilities provider reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.22). The company had revenue of $2.66 billion during the quarter. Brookfield Infrastructure Partners had a net margin of 7.12% and a return on equity of 3.55%. On average, equities analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.48 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 29th. Shareholders of record on Tuesday, August 31st were issued a $0.51 dividend. The ex-dividend date was Monday, August 30th. This represents a $2.04 dividend on an annualized basis and a yield of 3.62%. Brookfield Infrastructure Partners’s payout ratio is 582.86%.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners LP is an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Energy, Data Infrastructure, and Corporate.

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

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