Credit Industriel ET Commercial Has $858,000 Stock Position in Brookfield Infrastructure Partners LP $BIP

Key Points

• Credit Industriel ET Commercial reduced its holdings in Brookfield Infrastructure Partners LP by 72.6% in the second quarter, now owning 25,625 shares valued at $858,000.
• Brookfield Infrastructure Partners announced a quarterly dividend of $0.43 per share, yielding 5.0% annually, with a striking dividend payout ratio currently at 3,440.00%.
• Recently reported earnings showed Brookfield's EPS at $0.81, slightly below estimates, but revenue rose by 5.7% year-over-year, totaling $5.43 billion.

Credit Industriel ET Commercial trimmed its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 72.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,625 shares of the utilities provider's stock after selling 68,004 shares during the period. Credit Industriel ET Commercial's holdings in Brookfield Infrastructure Partners were worth $858,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. CCLA Investment Management lifted its holdings in Brookfield Infrastructure Partners by 33.5% during the 1st quarter. CCLA Investment Management now owns 5,795,677 shares of the utilities provider's stock worth $172,537,000 after buying an additional 1,453,772 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Brookfield Infrastructure Partners by 713.3% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,655,916 shares of the utilities provider's stock worth $49,270,000 after buying an additional 1,452,320 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of 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 valued at $822,832,000 after acquiring an additional 945,462 shares during the period. SCS Capital Management LLC acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter valued at $24,786,000. Finally, AGF Management Ltd. lifted its stake in shares of 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 valued at $80,980,000 after acquiring an additional 426,248 shares during the period. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Trading Up 1.0%

BIP opened at $34.71 on Tuesday. The firm's fifty day moving average is $31.51 and its two-hundred day moving average is $31.54. 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 firm has a market cap of $16.09 billion, a PE ratio of 694.40 and a beta of 1.16. Brookfield Infrastructure Partners LP has a twelve month low of $25.72 and a twelve month high of $36.50.

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

Brookfield Infrastructure Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.0%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently 3,440.00%.

Analyst Ratings Changes

A number of research analysts have issued reports on BIP shares. National Bankshares set a $35.00 target price on shares of Brookfield Infrastructure Partners and gave the company an "outperform" rating in a research report on Friday, September 26th. Weiss Ratings restated a "sell (d+)" rating on shares of Brookfield Infrastructure Partners in a report on Wednesday, October 8th. 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 report on Wednesday, August 27th. Jefferies Financial Group started coverage on shares of Brookfield Infrastructure Partners in a report on Friday, August 29th. They issued a "buy" rating and a $35.00 price objective on the stock. Finally, Wall Street Zen downgraded Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday, September 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $40.14.

Brookfield Infrastructure Partners Profile

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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