Brookfield Infrastructure Partners LP (BIP) Holdings Cut by Bronfman E.L. Rothschild L.P.

Bronfman E.L. Rothschild L.P. lowered its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 38.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,650 shares of the utilities provider’s stock after selling 2,312 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Brookfield Infrastructure Partners were worth $149,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bellwether Investment Group LLC increased its holdings in Brookfield Infrastructure Partners by 1.2% in the 1st quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock valued at $105,000 after buying an additional 32 shares during the period. US Bancorp DE increased its holdings 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 during the period. Bollard Group LLC increased its holdings in Brookfield Infrastructure Partners by 1.0% in the 2nd quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock valued at $151,000 after buying an additional 38 shares during the period. Hudock Capital Group LLC increased its holdings in Brookfield Infrastructure Partners by 37.1% in the 2nd quarter. Hudock Capital Group LLC now owns 5,109 shares of the utilities provider’s stock valued at $209,000 after buying an additional 1,382 shares during the period. Finally, Cypress Asset Management Inc. TX bought a new stake in Brookfield Infrastructure Partners in the 1st quarter valued at $220,000. 33.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Brookfield Infrastructure Partners LP (NYSE BIP) opened at 42.10 on Friday. Brookfield Infrastructure Partners LP has a 52 week low of $30.76 and a 52 week high of $44.91. The stock has a 50 day moving average of $42.72 and a 200 day moving average of $40.05. The firm has a market cap of $10.93 billion, a P/E ratio of 92.53 and a beta of 1.09.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (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 $934.00 million during the quarter, compared to the consensus estimate of $768.00 million. Analysts anticipate that Brookfield Infrastructure Partners LP will post $1.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Tuesday, August 29th. Brookfield Infrastructure Partners’s payout ratio is 370.22%.

Several brokerages have issued reports on BIP. Credit Suisse Group lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Tuesday, August 22nd. BMO Capital Markets lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, TD Securities boosted their price target on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.95.

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Brookfield Infrastructure Partners 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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