Gluskin Sheff & Assoc Inc. grew its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 0.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,030,302 shares of the utilities provider’s stock after buying an additional 3,442 shares during the quarter. Brookfield Infrastructure Partners accounts for 2.3% of Gluskin Sheff & Assoc Inc.’s investment portfolio, making the stock its 18th largest position. Gluskin Sheff & Assoc Inc. owned about 0.30% of Brookfield Infrastructure Partners worth $42,809,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 2.0% in the first quarter. Principal Financial Group Inc. now owns 9,053,134 shares of the utilities provider’s stock worth $376,968,000 after acquiring an additional 178,462 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of Brookfield Infrastructure Partners by 15.4% in the first quarter. Fiera Capital Corp now owns 2,186,591 shares of the utilities provider’s stock worth $90,721,000 after acquiring an additional 291,246 shares during the last quarter. Partners Group Holding AG boosted its stake in shares of Brookfield Infrastructure Partners by 9.8% in the first quarter. Partners Group Holding AG now owns 862,231 shares of the utilities provider’s stock worth $35,903,000 after acquiring an additional 76,900 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Brookfield Infrastructure Partners by 107.0% in the first quarter. Russell Investments Group Ltd. now owns 321,288 shares of the utilities provider’s stock worth $13,350,000 after acquiring an additional 166,098 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 49.8% in the first quarter. Citigroup Inc. now owns 41,356 shares of the utilities provider’s stock worth $1,722,000 after acquiring an additional 13,753 shares during the last quarter. 47.93% of the stock is currently owned by hedge funds and other institutional investors.

BIP has been the topic of a number of research analyst reports. BMO Capital Markets set a $47.00 price target on Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research note on Friday, February 9th. TD Securities lowered their price target on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, May 3rd. ValuEngine lowered Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. Zacks Investment Research raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Monday, April 16th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $46.75 price target on shares of Brookfield Infrastructure Partners in a research note on Thursday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $46.60.

NYSE BIP opened at $37.83 on Thursday. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.27 and a beta of 0.96. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $37.27 and a fifty-two week high of $46.88.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Wednesday, May 2nd. The utilities provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.44). The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $946.00 million. Brookfield Infrastructure Partners had a return on equity of 2.31% and a net margin of 5.40%. equities analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.94 per share. The ex-dividend date is Wednesday, May 30th. This represents a $3.76 dividend on an annualized basis and a yield of 9.94%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.47. Brookfield Infrastructure Partners’s payout ratio is 124.50%.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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

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