Brookfield Infrastructure Partners L.P. (BIP) Holdings Lifted by Bank of New York Mellon Corp

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Bank of New York Mellon Corp raised its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,880 shares of the utilities provider’s stock after buying an additional 3,726 shares during the period. Bank of New York Mellon Corp’s holdings in Brookfield Infrastructure Partners were worth $1,801,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Belpointe Asset Management LLC boosted its position in shares of Brookfield Infrastructure Partners by 6.0% during the second quarter. Belpointe Asset Management LLC now owns 27,497 shares of the utilities provider’s stock valued at $1,056,000 after buying an additional 1,568 shares during the period. Navellier & Associates Inc boosted its position in shares of Brookfield Infrastructure Partners by 10.2% during the first quarter. Navellier & Associates Inc now owns 34,156 shares of the utilities provider’s stock valued at $1,422,000 after buying an additional 3,152 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Brookfield Infrastructure Partners by 15.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 29,913 shares of the utilities provider’s stock valued at $1,149,000 after buying an additional 4,000 shares during the period. FineMark National Bank & Trust boosted its position in shares of Brookfield Infrastructure Partners by 62.2% during the second quarter. FineMark National Bank & Trust now owns 11,871 shares of the utilities provider’s stock valued at $456,000 after buying an additional 4,551 shares during the period. Finally, WealthPLAN Partners LLC purchased a new position in shares of Brookfield Infrastructure Partners during the first quarter valued at approximately $204,000. Institutional investors and hedge funds own 37.99% of the company’s stock.

Shares of NYSE BIP opened at $39.82 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $13.78 billion, a P/E ratio of 26.37, a PEG ratio of 1.25 and a beta of 0.95. Brookfield Infrastructure Partners L.P. has a 52-week low of $37.27 and a 52-week high of $46.88.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.55). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $833.00 million. Brookfield Infrastructure Partners had a net margin of 8.25% and a return on equity of 3.29%. Analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.18 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, August 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.72%. Brookfield Infrastructure Partners’s payout ratio is 124.50%.

Several research analysts have issued reports on the company. ValuEngine upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Credit Suisse Group set a $46.00 price target on Brookfield Infrastructure Partners and gave the company a “buy” rating in a report on Thursday, September 13th. Citigroup set a $43.00 price target on Brookfield Infrastructure Partners and gave the company a “neutral” rating in a report on Monday, August 27th. Finally, Royal Bank of Canada boosted their price target on Brookfield Infrastructure Partners from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.70.

About Brookfield Infrastructure Partners

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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