K.J. Harrison & Partners Inc lifted its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 17.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,070 shares of the utilities provider’s stock after buying an additional 26,650 shares during the quarter. Brookfield Infrastructure Partners comprises approximately 2.4% of K.J. Harrison & Partners Inc’s holdings, making the stock its 7th biggest position. K.J. Harrison & Partners Inc’s holdings in Brookfield Infrastructure Partners were worth $7,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BIP. CIBC World Markets Inc. grew its stake in shares of Brookfield Infrastructure Partners by 89.3% in the first quarter. CIBC World Markets Inc. now owns 3,943,658 shares of the utilities provider’s stock valued at $165,121,000 after buying an additional 1,860,702 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Brookfield Infrastructure Partners by 57.6% in the first quarter. CIBC Asset Management Inc now owns 2,631,973 shares of the utilities provider’s stock valued at $109,918,000 after buying an additional 962,098 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Brookfield Infrastructure Partners by 17.2% in the first quarter. Toronto Dominion Bank now owns 5,535,550 shares of the utilities provider’s stock valued at $231,162,000 after buying an additional 814,234 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Brookfield Infrastructure Partners by 9.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,603,499 shares of the utilities provider’s stock valued at $192,749,000 after purchasing an additional 413,425 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Brookfield Infrastructure Partners during the 1st quarter valued at $16,207,000. 47.88% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners stock traded up $0.19 during mid-day trading on Monday, hitting $45.01. 4,584 shares of the company’s stock traded hands, compared to its average volume of 305,140. The firm has a 50 day simple moving average of $43.91 and a two-hundred day simple moving average of $41.91. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $32.26 and a fifty-two week high of $45.05. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 76.46, a P/E/G ratio of 0.93 and a beta of 0.90.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. Brookfield Infrastructure Partners had a return on equity of 1.40% and a net margin of 3.32%. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s quarterly revenue was up 61.4% on a year-over-year basis. Equities research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.44 EPS for the current year.

The company also recently announced a dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.502 per share. The ex-dividend date of this dividend is Thursday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 340.68%.

BIP has been the subject of several research reports. Barclays reaffirmed a “hold” rating on shares of Brookfield Infrastructure Partners in a report on Friday, August 2nd. Royal Bank of Canada raised their price target on Brookfield Infrastructure Partners from $47.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. TD Securities raised their price target on Brookfield Infrastructure Partners from $48.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. National Bank Financial reaffirmed an “outperform” rating and set a $50.00 price target on shares of Brookfield Infrastructure Partners in a report on Thursday, July 18th. Finally, Zacks Investment Research downgraded Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.41.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The 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 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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

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