Alps Advisors Inc. reduced its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,094 shares of the utilities provider’s stock after selling 19,546 shares during the period. Alps Advisors Inc.’s holdings in Brookfield Infrastructure Partners were worth $18,618,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bellwether Investment Group LLC raised its position in Brookfield Infrastructure Partners by 1.2% in the first quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock worth $105,000 after buying an additional 32 shares during the period. US Bancorp DE raised its position in Brookfield Infrastructure Partners by 113.5% in the first quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock worth $121,000 after buying an additional 1,660 shares during the period. Bollard Group LLC raised its position in Brookfield Infrastructure Partners by 1.1% in the first quarter. Bollard Group LLC now owns 3,643 shares of the utilities provider’s stock worth $141,000 after buying an additional 40 shares during the period. Hudock Capital Group LLC raised its position in Brookfield Infrastructure Partners by 15.5% in the first quarter. Hudock Capital Group LLC now owns 3,727 shares of the utilities provider’s stock worth $144,000 after buying an additional 500 shares during the period. Finally, Cypress Asset Management Inc. TX purchased a new position in Brookfield Infrastructure Partners during the first quarter worth approximately $220,000. Institutional investors own 34.02% of the company’s stock.

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) opened at 43.69 on Wednesday. The company has a 50-day moving average of $40.98 and a 200-day moving average of $38.96. Brookfield Infrastructure Partners LP has a 52 week low of $30.76 and a 52 week high of $43.78. The stock has a market capitalization of $11.34 billion, a P/E ratio of 96.02 and a beta of 1.11.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly 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. Brookfield Infrastructure Partners had a return on equity of 2.70% and a net margin of 9.36%. The business had revenue of $934 million during the quarter, compared to the consensus estimate of $768 million. On average, analysts anticipate that Brookfield Infrastructure Partners LP will post $1.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a $0.435 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.74 annualized dividend and a yield of 3.98%. Brookfield Infrastructure Partners’s payout ratio is 370.22%.

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A number of equities analysts have recently commented on BIP shares. BidaskClub lowered shares of Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada restated a “buy” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Friday, June 2nd. Credit Suisse Group restated a “buy” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Wednesday, July 26th. Finally, TD Securities raised their target price on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $45.72.

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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