Public Sector Pension Investment Board Increases Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Public Sector Pension Investment Board raised its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 4.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,600 shares of the utilities provider’s stock after buying an additional 1,700 shares during the quarter. Public Sector Pension Investment Board’s holdings in Brookfield Infrastructure Partners were worth $1,197,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. MRP Capital Investments LLC raised its position in shares of Brookfield Infrastructure Partners by 34.8% in the 2nd quarter. MRP Capital Investments LLC now owns 15,700 shares of the utilities provider’s stock valued at $431,000 after purchasing an additional 4,050 shares during the last quarter. CCLA Investment Management increased its stake in Brookfield Infrastructure Partners by 35.0% during the 2nd quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider’s stock valued at $119,180,000 after purchasing an additional 1,125,964 shares in the last quarter. Wulff Hansen & CO. raised its holdings in shares of Brookfield Infrastructure Partners by 2,562.9% in the second quarter. Wulff Hansen & CO. now owns 1,615,448 shares of the utilities provider’s stock worth $44,328,000 after buying an additional 1,554,782 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Brookfield Infrastructure Partners by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 73,734 shares of the utilities provider’s stock worth $2,023,000 after buying an additional 1,612 shares during the period. Finally, Schneider Downs Wealth Management Advisors LP grew its holdings in shares of Brookfield Infrastructure Partners by 26.9% during the second quarter. Schneider Downs Wealth Management Advisors LP now owns 15,380 shares of the utilities provider’s stock valued at $422,000 after buying an additional 3,263 shares during the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Down 1.3 %

Brookfield Infrastructure Partners stock opened at $34.57 on Wednesday. Brookfield Infrastructure Partners L.P. has a 12 month low of $21.03 and a 12 month high of $35.48. The business has a 50 day simple moving average of $31.98 and a 200-day simple moving average of $29.94. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a market capitalization of $16.04 billion, a PE ratio of 111.52 and a beta of 1.05.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.80). Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s revenue was up 20.7% on a year-over-year basis. On average, analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.15 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a dividend of $0.405 per share. The ex-dividend date was Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.69%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 522.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BIP shares. Jefferies Financial Group raised their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Sunday, September 15th. Finally, Cibc World Mkts upgraded Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

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.