Brookfield Infrastructure Partners LP $BIP Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC decreased its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 72.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,180 shares of the utilities provider’s stock after selling 8,500 shares during the period. Ameritas Advisory Services LLC’s holdings in Brookfield Infrastructure Partners were worth $107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CCLA Investment Management grew its stake in Brookfield Infrastructure Partners by 33.5% during the first quarter. CCLA Investment Management now owns 5,795,677 shares of the utilities provider’s stock worth $172,537,000 after buying an additional 1,453,772 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Brookfield Infrastructure Partners by 713.3% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,655,916 shares of the utilities provider’s stock worth $49,270,000 after buying an additional 1,452,320 shares during the period. Principal Financial Group Inc. grew its stake in Brookfield Infrastructure Partners by 3.5% during the first quarter. Principal Financial Group Inc. now owns 27,621,080 shares of the utilities provider’s stock worth $822,832,000 after buying an additional 945,462 shares during the period. SCS Capital Management LLC purchased a new stake in Brookfield Infrastructure Partners during the first quarter worth approximately $24,786,000. Finally, AGF Management Ltd. grew its stake in Brookfield Infrastructure Partners by 18.6% during the first quarter. AGF Management Ltd. now owns 2,722,101 shares of the utilities provider’s stock worth $80,980,000 after buying an additional 426,248 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on BIP. Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday, September 6th. Jefferies Financial Group assumed coverage on shares of Brookfield Infrastructure Partners in a research note on Friday, August 29th. They issued a “buy” rating and a $35.00 target price for the company. Royal Bank Of Canada set a $40.00 target price on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Wednesday, August 27th. National Bank Financial upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.14.

Brookfield Infrastructure Partners Trading Down 1.5%

BIP opened at $34.07 on Friday. The stock has a market capitalization of $15.79 billion, a PE ratio of 681.54 and a beta of 1.16. The firm’s fifty day moving average price is $31.38 and its 200 day moving average price is $31.46. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.88 and a quick ratio of 0.85. Brookfield Infrastructure Partners LP has a 12-month low of $25.72 and a 12-month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $1.95 billion. Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 earnings per share. As a group, research analysts expect that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.72 annualized dividend and a yield of 5.0%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 3,440.00%.

Brookfield Infrastructure Partners Company 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.