Cetera Investment Advisers Takes Position in Brookfield Infrastructure Partners LP (BIP)

Cetera Investment Advisers bought a new position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 11,222 shares of the utilities provider’s stock, valued at approximately $456,000.

A number of other hedge funds have also made changes to their positions in BIP. Tower Research Capital LLC TRC grew its stake in Brookfield Infrastructure Partners by 2,000.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,100 shares of the utilities provider’s stock worth $111,000 after buying an additional 2,000 shares during the last quarter. US Bancorp DE grew its stake in Brookfield Infrastructure Partners by 113.5% during the 1st quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock worth $121,000 after buying an additional 1,660 shares during the last quarter. Bollard Group LLC grew its stake in Brookfield Infrastructure Partners by 1.0% during the 2nd quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock worth $151,000 after buying an additional 38 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the 2nd quarter worth $203,000. Finally, Hudock Capital Group LLC grew its stake in Brookfield Infrastructure Partners by 37.1% during the 2nd quarter. Hudock Capital Group LLC now owns 5,109 shares of the utilities provider’s stock worth $209,000 after buying an additional 1,382 shares during the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Several analysts have weighed in on the company. BidaskClub downgraded Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research downgraded Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. TD Securities boosted their price target on Brookfield Infrastructure Partners to $57.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Scotiabank reiterated an “outperform” rating and set a $53.00 price target on shares of Brookfield Infrastructure Partners in a research note on Monday, September 18th. Finally, Credit Suisse Group assumed coverage on Brookfield Infrastructure Partners in a research note on Monday, September 18th. They set a “neutral” rating and a $44.00 price target on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $49.44.

Brookfield Infrastructure Partners LP (NYSE:BIP) traded down 0.29% during mid-day trading on Thursday, reaching $44.18. The company’s stock had a trading volume of 14,012 shares. Brookfield Infrastructure Partners LP has a one year low of $30.76 and a one year high of $44.91. The firm has a market cap of $11.48 billion, a PE ratio of 97.10 and a beta of 1.08. The stock’s 50 day moving average is $43.04 and its 200 day moving average is $41.15.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.86). Brookfield Infrastructure Partners had a return on equity of 2.70% and a net margin of 9.36%. The company had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $768.00 million. On average, analysts anticipate that Brookfield Infrastructure Partners LP will post $1.08 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Tuesday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 370.22%.

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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).

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

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