K.J. Harrison & Partners Inc increased its position in Brookfield Infrastructure Partners LP (NYSE:BIP) by 12.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 46,260 shares of the company’s stock after buying an additional 5,095 shares during the period. Brookfield Infrastructure Partners accounts for approximately 1.1% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 27th largest position. K.J. Harrison & Partners Inc’s holdings in Brookfield Infrastructure Partners were worth $2,078,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Wealthsource Partners LLC bought a new position in shares of Brookfield Infrastructure Partners during the first quarter worth approximately $504,000. Sentry Investments Corp. boosted its position in shares of Brookfield Infrastructure Partners by 221.9% in the first quarter. Sentry Investments Corp. now owns 2,093,336 shares of the company’s stock worth $88,192,000 after buying an additional 1,443,080 shares in the last quarter. Bank of Nova Scotia Trust Co. boosted its stake in Brookfield Infrastructure Partners by 2.9% in the first quarter. Bank of Nova Scotia Trust Co. now owns 37,710 shares of the company’s stock worth $1,589,000 after buying an additional 1,049 shares in the last quarter. Scotia Capital Inc. boosted its stake in Brookfield Infrastructure Partners by 4.3% in the first quarter. Scotia Capital Inc. now owns 525,825 shares of the company’s stock worth $22,133,000 after buying an additional 21,533 shares in the last quarter. Finally, UBS Group AG boosted its stake in Brookfield Infrastructure Partners by 16.8% in the first quarter. UBS Group AG now owns 130,099 shares of the company’s stock worth $5,481,000 after buying an additional 18,692 shares in the last quarter. 44.67% of the stock is currently owned by institutional investors.

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) traded up 0.78% on Wednesday, hitting $33.55. The company’s stock had a trading volume of 206,027 shares. The stock has a 50-day moving average price of $36.76 and a 200 day moving average price of $30.73. Brookfield Infrastructure Partners LP has a one year low of $20.33 and a one year high of $49.89. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 37.49 and a beta of 0.97.

Brookfield Infrastructure Partners (NYSE:BIP) last posted its earnings results on Wednesday, August 3rd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.77. Brookfield Infrastructure Partners had a net margin of 20.77% and a return on equity of 5.40%. The business had revenue of $462 million for the quarter, compared to analyst estimates of $674.50 million. Equities research analysts predict that Brookfield Infrastructure Partners LP will post $1.01 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.59 per share. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a dividend yield of 7.03%. The ex-dividend date is Monday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is presently 175.75%.

A number of equities research analysts have commented on the company. Credit Suisse Group AG reissued a “buy” rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Tuesday. Citigroup Inc. lifted their target price on Brookfield Infrastructure Partners from $31.33 to $35.00 and gave the stock a “neutral” rating in a report on Monday. TD Securities reaffirmed a “buy” rating and issued a $36.00 target price (up from $33.33) on shares of Brookfield Infrastructure Partners in a report on Thursday, August 4th. Barclays PLC reaffirmed an “equal weight” rating and issued a $42.67 target price (up from $42.00) on shares of Brookfield Infrastructure Partners in a report on Thursday, August 4th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $35.33 target price (up from $32.67) on shares of Brookfield Infrastructure Partners in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$35.77.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include Utilities, Transport, Energy, Communications Infrastructure and Other. Its utilities segment consists of regulated terminal, which is a coal export terminal; electricity transmission, which consists of approximately 11,100 kilometers of transmission lines in North and South America, and regulated distribution, which consists of approximately 2.6 million electricity and natural gas connections.

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