Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIPGet Rating) (TSE:BIP.UN) by 14.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 314,973 shares of the utilities provider’s stock after acquiring an additional 39,893 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Brookfield Infrastructure Partners were worth $11,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of BIP. Bank of Montreal Can lifted its holdings in Brookfield Infrastructure Partners by 58.9% in the 2nd quarter. Bank of Montreal Can now owns 33,374,938 shares of the utilities provider’s stock valued at $1,263,608,000 after acquiring an additional 12,365,730 shares during the last quarter. TD Asset Management Inc. raised its holdings in Brookfield Infrastructure Partners by 50.8% during the 2nd quarter. TD Asset Management Inc. now owns 15,707,894 shares of the utilities provider’s stock worth $599,160,000 after buying an additional 5,288,869 shares during the period. Principal Financial Group Inc. raised its holdings in Brookfield Infrastructure Partners by 51.4% during the 2nd quarter. Principal Financial Group Inc. now owns 14,360,308 shares of the utilities provider’s stock worth $548,851,000 after buying an additional 4,877,641 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Brookfield Infrastructure Partners by 109.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,352,049 shares of the utilities provider’s stock worth $204,473,000 after buying an additional 2,791,626 shares during the period. Finally, Toronto Dominion Bank raised its holdings in Brookfield Infrastructure Partners by 99.9% during the 2nd quarter. Toronto Dominion Bank now owns 4,249,818 shares of the utilities provider’s stock worth $162,365,000 after buying an additional 2,123,660 shares during the period. 57.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BIP shares. TD Securities started coverage on Brookfield Infrastructure Partners in a report on Friday, September 23rd. They set a “buy” rating on the stock. National Bankshares downgraded Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a report on Friday, November 4th. BMO Capital Markets dropped their target price on Brookfield Infrastructure Partners from $46.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. Finally, National Bank Financial downgraded Brookfield Infrastructure Partners from an “outperfrom under weight” rating to a “sector perform market weight” rating in a report on Thursday, November 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.20.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $32.95 on Friday. The stock’s 50 day moving average price is $34.67 and its 200 day moving average price is $37.34. Brookfield Infrastructure Partners L.P. has a 52 week low of $30.03 and a 52 week high of $46.01. The company has a market capitalization of $15.10 billion, a P/E ratio of 126.74 and a beta of 0.82.

Brookfield Infrastructure Partners (NYSE:BIPGet Rating) (TSE:BIP.UN) last announced its earnings results on Wednesday, November 2nd. The utilities provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.55). The company had revenue of $3.63 billion for the quarter. Brookfield Infrastructure Partners had a return on equity of 1.56% and a net margin of 2.80%. As a group, sell-side analysts forecast that Brookfield Infrastructure Partners L.P. will post 2.7 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 4.37%. Brookfield Infrastructure Partners’s payout ratio is currently 553.87%.

Brookfield Infrastructure Partners Company Profile

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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 61,000 kilometers (km) of operational electricity transmission and distribution lines; 5,300 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.3 million electricity and natural gas connections; and 360,000 long-term contracted sub-metering services.

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

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