Ameritas Advisory Services LLC Decreases Stock Holdings in Brookfield Infrastructure Partners LP $BIP

Key Points

• Ameritas Advisory Services LLC significantly reduced its stake in Brookfield Infrastructure Partners by 72.8%, owning 3,180 shares valued at $107,000 after selling 8,500 shares in Q2.
• Brookfield Infrastructure Partners reported an EPS of $0.81 for the quarter, missing estimates by $0.01, but its revenue was up 5.7% year-over-year, totaling $5.43 billion.
• The company declared a quarterly dividend of $0.43 per share, representing an annualized yield of 5.0% and a payout ratio of 3,440%.

Ameritas Advisory Services LLC lowered its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 72.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,180 shares of the utilities provider's stock after selling 8,500 shares during the period. Ameritas Advisory Services LLC's holdings in Brookfield Infrastructure Partners were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Brookfield Infrastructure Partners by 3.5% during the first quarter. Principal Financial Group Inc. now owns 27,621,080 shares of the utilities provider's stock worth $822,832,000 after acquiring an additional 945,462 shares during the last quarter. Scotia Capital Inc. raised its position in Brookfield Infrastructure Partners by 4.3% during the first quarter. Scotia Capital Inc. now owns 6,709,573 shares of the utilities provider's stock worth $197,811,000 after acquiring an additional 277,192 shares during the last quarter. CCLA Investment Management raised its position in Brookfield Infrastructure Partners by 33.5% during the first quarter. CCLA Investment Management now owns 5,795,677 shares of the utilities provider's stock worth $172,537,000 after acquiring an additional 1,453,772 shares during the last quarter. BROOKFIELD Corp ON raised its position in Brookfield Infrastructure Partners by 3.5% during the first quarter. BROOKFIELD Corp ON now owns 4,686,497 shares of the utilities provider's stock worth $139,611,000 after acquiring an additional 158,881 shares during the last quarter. Finally, AGF Management Ltd. raised its position in Brookfield Infrastructure Partners by 18.6% during the first quarter. AGF Management Ltd. now owns 2,722,101 shares of the utilities provider's stock worth $80,980,000 after acquiring an additional 426,248 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $34.07 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.88. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 681.54 and a beta of 1.16. The company's 50 day simple moving average is $31.38 and its 200 day simple moving average is $31.46. Brookfield Infrastructure Partners LP has a 1 year low of $25.72 and a 1 year high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company posted $0.77 EPS. The business's revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts predict that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.72 annualized dividend and a yield of 5.0%. Brookfield Infrastructure Partners's dividend payout ratio is 3,440.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BIP. National Bankshares set a $35.00 target price on shares of Brookfield Infrastructure Partners and gave the stock an "outperform" rating in a research report on Friday, September 26th. Wall Street Zen cut shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Saturday, September 6th. Weiss Ratings restated a "sell (d+)" rating on shares of Brookfield Infrastructure Partners in a research report on Wednesday. Royal Bank Of Canada set a $40.00 price objective on shares of Brookfield Infrastructure Partners and gave the company an "outperform" rating in a research note on Wednesday, August 27th. Finally, National Bank Financial raised shares of Brookfield Infrastructure Partners from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.14.

About Brookfield Infrastructure Partners

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 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.

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