Value Partners Investments Inc. Grows Stock Position in Brookfield Infrastructure Partners LP $BIP

Key Points

• Value Partners Investments Inc. significantly increased its stake in Brookfield Infrastructure Partners by 99.5% during the 2nd quarter, raising its holdings to 47,294 shares valued at approximately $1.58 million.
• Several other hedge funds also enhanced their positions in Brookfield Infrastructure Partners, with entities like CCLA Investment Management and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increasing their stakes by 33.5% and 713.3%, respectively.
• Analysts have recently issued mixed ratings on the stock, with Wall Street Zen downgrading it to a "sell" while Jefferies Financial Group rated it as a "buy" with a price target of $35.00.

Value Partners Investments Inc. boosted its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 99.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,294 shares of the utilities provider's stock after purchasing an additional 23,582 shares during the quarter. Value Partners Investments Inc.'s holdings in Brookfield Infrastructure Partners were worth $1,581,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CCLA Investment Management grew its position in shares of 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 buying an additional 1,453,772 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Brookfield Infrastructure Partners by 713.3% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,655,916 shares of the utilities provider's stock valued at $49,270,000 after acquiring an additional 1,452,320 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Brookfield Infrastructure Partners by 3.5% in 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. SCS Capital Management LLC acquired a new position in Brookfield Infrastructure Partners during the 1st quarter worth approximately $24,786,000. Finally, Mackenzie Financial Corp increased its position in shares of Brookfield Infrastructure Partners by 8.0% in the 4th quarter. Mackenzie Financial Corp now owns 8,784,509 shares of the utilities provider's stock valued at $278,858,000 after purchasing an additional 650,892 shares during the last quarter. Institutional investors and hedge funds own 57.92% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BIP shares. Wall Street Zen lowered shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a report on Saturday, September 6th. Jefferies Financial Group began coverage on Brookfield Infrastructure Partners in a report on Friday, August 29th. They issued a "buy" rating and a $35.00 target price on the stock. Finally, Royal Bank Of Canada set a $40.00 price target on Brookfield Infrastructure Partners and gave the stock an "outperform" rating in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $41.00.

Brookfield Infrastructure Partners Price Performance

Shares of BIP opened at $30.65 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.88 and a quick ratio of 0.85. Brookfield Infrastructure Partners LP has a 1-year low of $25.72 and a 1-year high of $36.50. The stock has a market cap of $14.21 billion, a PE ratio of 613.16 and a beta of 1.10. The firm has a fifty day moving average price of $31.29 and a 200 day moving average price of $31.05.

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 earnings per share (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 firm had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the previous year, the business posted $0.77 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.72 annualized dividend and a yield of 5.6%. Brookfield Infrastructure Partners's payout ratio is 3,440.00%.

Brookfield Infrastructure Partners Company 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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