Callahan Advisors LLC boosted its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 104,102 shares of the company’s stock after buying an additional 1,011 shares during the period. Callahan Advisors LLC owned 0.06% of Brookfield Infrastructure Partners worth $4,712,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BIP. Bollard Group LLC increased its stake in Brookfield Infrastructure Partners by 1.2% in the second quarter. Bollard Group LLC now owns 2,348 shares of the company’s stock valued at $106,000 after buying an additional 28 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Brookfield Infrastructure Partners during the first quarter valued at $220,000. Creative Planning increased its stake in Brookfield Infrastructure Partners by 11.3% in the second quarter. Creative Planning now owns 9,034 shares of the company’s stock valued at $409,000 after buying an additional 918 shares during the last quarter. Wealthsource Partners LLC purchased a new stake in Brookfield Infrastructure Partners during the first quarter valued at $504,000. Finally, Sigma Planning Corp increased its stake in Brookfield Infrastructure Partners by 33.6% in the first quarter. Sigma Planning Corp now owns 13,858 shares of the company’s stock valued at $584,000 after buying an additional 3,488 shares during the last quarter. Institutional investors and hedge funds own 44.67% of the company’s stock.

Brookfield Infrastructure Partners LP (NYSE:BIP) traded up 3.76% during trading on Monday, reaching $33.97. The company had a trading volume of 335,609 shares. Brookfield Infrastructure Partners LP has a 1-year low of $20.33 and a 1-year high of $49.89. The firm has a 50-day moving average of $36.69 and a 200-day moving average of $30.67. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 37.96 and a beta of 0.97.

Brookfield Infrastructure Partners (NYSE:BIP) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.77. The company had revenue of $462 million for the quarter, compared to analyst estimates of $674.50 million. Brookfield Infrastructure Partners had a return on equity of 5.40% and a net margin of 20.77%. On average, analysts anticipate that Brookfield Infrastructure Partners LP will post $0.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be issued a dividend of $0.59 per share. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, August 29th. This represents a $2.36 annualized dividend and a dividend yield of 6.95%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 175.75%.

Several analysts have weighed in on the company. Citigroup Inc. boosted their price target on Brookfield Infrastructure Partners from $31.33 to $35.00 and gave the company a “neutral” rating in a research note on Monday. RBC Capital Markets reiterated an “outperform” rating and set a $35.33 price target (up previously from $32.67) on shares of Brookfield Infrastructure Partners in a research note on Thursday, August 4th. Royal Bank Of Canada boosted their price target on Brookfield Infrastructure Partners from $32.67 to $35.33 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Zacks Investment Research cut Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, TD Securities reissued a “buy” rating and issued a $36.00 price objective (up previously from $33.33) on shares of Brookfield Infrastructure Partners in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$35.70.

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. Its utilities segment consists of regulated terminal, which is a coal export terminal; electricity transmission, which consists of approximately 11,100 kilometers of transmission lines in North and South America, and regulated distribution, which consists of approximately 2.6 million electricity and natural gas connections.

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