Davis Rea Ltd. boosted its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 2.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 184,180 shares of the utilities provider’s stock after buying an additional 3,565 shares during the period. Brookfield Infrastructure Partners accounts for approximately 4.8% of Davis Rea Ltd.’s investment portfolio, making the stock its 8th largest position. Davis Rea Ltd.’s holdings in Brookfield Infrastructure Partners were worth $7,535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sentry Investments Corp. boosted its position in shares of Brookfield Infrastructure Partners by 4.2% in the first quarter. Sentry Investments Corp. now owns 4,421,590 shares of the utilities provider’s stock valued at $170,983,000 after buying an additional 176,900 shares in the last quarter. Partners Value Investments LP bought a new stake in Brookfield Infrastructure Partners during the first quarter valued at $128,693,000. Montrusco Bolton Investments Inc. boosted its stake in Brookfield Infrastructure Partners by 46.4% in the first quarter. Montrusco Bolton Investments Inc. now owns 1,812,319 shares of the utilities provider’s stock valued at $69,903,000 after buying an additional 574,812 shares during the period. First Manhattan Co. boosted its stake in Brookfield Infrastructure Partners by 1.3% in the second quarter. First Manhattan Co. now owns 1,632,968 shares of the utilities provider’s stock valued at $66,804,000 after buying an additional 20,217 shares during the period. Finally, Bank of America Corp DE boosted its stake in Brookfield Infrastructure Partners by 15.9% in the first quarter. Bank of America Corp DE now owns 1,342,832 shares of the utilities provider’s stock valued at $51,927,000 after buying an additional 184,597 shares during the period. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) opened at 43.29 on Thursday. Brookfield Infrastructure Partners LP has a 12-month low of $30.76 and a 12-month high of $43.48. The company has a 50-day moving average of $40.72 and a 200 day moving average of $38.72. The company has a market cap of $11.24 billion, a PE ratio of 95.14 and a beta of 1.11.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.86. The business had revenue of $934 million during the quarter, compared to the consensus estimate of $768 million. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. On average, equities research analysts expect that Brookfield Infrastructure Partners LP will post $1.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 4.02%. The ex-dividend date is Tuesday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 370.22%.

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Several analysts recently weighed in on BIP shares. BidaskClub cut shares of Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a 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 target on the stock in a report on Friday, June 2nd. Credit Suisse Group reiterated a “buy” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Wednesday, July 26th. Finally, TD Securities lifted 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus 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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