Fort Washington Investment Advisors Inc. OH decreased its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 26.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,296 shares of the utilities provider’s stock after selling 8,800 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Brookfield Infrastructure Partners were worth $994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BIP. Partners Value Investments LP bought a new position in shares of Brookfield Infrastructure Partners during the first quarter valued at approximately $128,693,000. CIBC World Markets Inc. bought a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $57,006,000. Arthur M. Cohen & Associates LLC increased its stake in shares of Brookfield Infrastructure Partners by 4,017.0% during the second quarter. Arthur M. Cohen & Associates LLC now owns 475,801 shares of the utilities provider’s stock valued at $11,557,000 after purchasing an additional 464,244 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Brookfield Infrastructure Partners by 15.9% during the first quarter. Bank of America Corp DE now owns 1,342,832 shares of the utilities provider’s stock valued at $51,927,000 after purchasing an additional 184,597 shares in the last quarter. Finally, Sentry Investments Corp. increased its stake in shares of Brookfield Infrastructure Partners by 4.2% during the first quarter. Sentry Investments Corp. now owns 4,421,590 shares of the utilities provider’s stock valued at $170,983,000 after purchasing an additional 176,900 shares in the last quarter. 33.32% of the stock is owned by institutional investors and hedge funds.

Shares of Brookfield Infrastructure Partners LP (BIP) opened at 42.13 on Friday. Brookfield Infrastructure Partners LP has a 12 month low of $30.76 and a 12 month high of $44.91. The company has a market capitalization of $10.94 billion, a P/E ratio of 92.59 and a beta of 1.09. The stock’s 50 day moving average is $42.77 and its 200 day moving average is $40.09.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.86). Brookfield Infrastructure Partners had a return on equity of 2.70% and a net margin of 9.36%. The firm had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $768.00 million. On average, equities analysts predict that Brookfield Infrastructure Partners LP will post $1.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Tuesday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 370.22%.

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A number of equities research analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of Brookfield Infrastructure Partners in a report on Monday, September 11th. They set an “outperform” rating and a $48.00 price target on the stock. Credit Suisse Group cut shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Tuesday, August 22nd. BidaskClub upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, TD Securities increased their price target on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Brookfield Infrastructure Partners has a consensus rating of “Buy” and an average price target of $45.95.

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. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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

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