Sei Investments Co. Boosts Position in Brookfield Infrastructure Partners L.P. (BIP)

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Sei Investments Co. boosted its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 121.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 47,956 shares of the utilities provider’s stock after acquiring an additional 26,300 shares during the quarter. Sei Investments Co.’s holdings in Brookfield Infrastructure Partners were worth $1,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. lifted its position in Brookfield Infrastructure Partners by 28.3% in the 1st quarter. Stratos Wealth Partners LTD. now owns 8,344 shares of the utilities provider’s stock valued at $347,000 after acquiring an additional 1,843 shares in the last quarter. Navellier & Associates Inc lifted its position in Brookfield Infrastructure Partners by 10.2% in the 1st quarter. Navellier & Associates Inc now owns 34,156 shares of the utilities provider’s stock valued at $1,422,000 after acquiring an additional 3,152 shares in the last quarter. Gluskin Sheff & Assoc Inc. lifted its position in Brookfield Infrastructure Partners by 0.3% in the 1st quarter. Gluskin Sheff & Assoc Inc. now owns 1,030,302 shares of the utilities provider’s stock valued at $42,809,000 after acquiring an additional 3,442 shares in the last quarter. D.A. Davidson & CO. lifted its position in Brookfield Infrastructure Partners by 5.9% in the 1st quarter. D.A. Davidson & CO. now owns 70,212 shares of the utilities provider’s stock valued at $2,924,000 after acquiring an additional 3,919 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Brookfield Infrastructure Partners by 15.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 29,913 shares of the utilities provider’s stock valued at $1,149,000 after acquiring an additional 4,000 shares in the last quarter. 38.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of BIP stock opened at $38.76 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.84. Brookfield Infrastructure Partners L.P. has a 1 year low of $37.27 and a 1 year high of $46.88. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 1.21 and a beta of 0.97.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.55). Brookfield Infrastructure Partners had a net margin of 8.25% and a return on equity of 3.29%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $833.00 million. research analysts expect that Brookfield Infrastructure Partners L.P. will post 3.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, August 31st will be paid a $0.47 dividend. The ex-dividend date is Thursday, August 30th. This represents a $1.88 annualized dividend and a yield of 4.85%. Brookfield Infrastructure Partners’s payout ratio is currently 124.50%.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Wednesday, July 11th. ValuEngine raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. Citigroup set a $43.00 price objective on shares of Brookfield Infrastructure Partners and gave the company a “neutral” rating in a research report on Monday, August 27th. Scotiabank lowered their price target on shares of Brookfield Infrastructure Partners from $46.75 to $46.50 and set an “outperform” rating on the stock in a research note on Tuesday, June 5th. Finally, Bank of America started coverage on shares of Brookfield Infrastructure Partners in a research note on Tuesday, July 10th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $46.70.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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