Gluskin Sheff & Assoc Inc. trimmed its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 11.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 861,165 shares of the utilities provider’s stock after selling 110,189 shares during the period. Gluskin Sheff & Assoc Inc. owned approximately 0.31% of Brookfield Infrastructure Partners worth $34,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intact Investment Management Inc. grew its stake in Brookfield Infrastructure Partners by 5.4% during the second quarter. Intact Investment Management Inc. now owns 1,014,600 shares of the utilities provider’s stock worth $51,136,000 after buying an additional 52,400 shares during the last quarter. K.J. Harrison & Partners Inc grew its stake in Brookfield Infrastructure Partners by 11.0% during the second quarter. K.J. Harrison & Partners Inc now owns 110,233 shares of the utilities provider’s stock worth $4,230,000 after buying an additional 10,929 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in Brookfield Infrastructure Partners by 15.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 29,913 shares of the utilities provider’s stock worth $1,149,000 after buying an additional 4,000 shares during the last quarter. Community Financial Services Group LLC bought a new stake in Brookfield Infrastructure Partners during the second quarter worth about $288,000. Finally, First Manhattan Co. grew its stake in Brookfield Infrastructure Partners by 11.2% during the second quarter. First Manhattan Co. now owns 1,939,150 shares of the utilities provider’s stock worth $74,463,000 after buying an additional 195,737 shares during the last quarter. 47.62% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on BIP. Credit Suisse Group set a $46.00 price objective on shares of Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research note on Tuesday, November 13th. Wells Fargo & Co decreased their price objective on shares of Brookfield Infrastructure Partners from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th. Raymond James reaffirmed an “outperform” rating and set a $51.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Monday, November 5th. Royal Bank of Canada decreased their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $47.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th. Finally, ValuEngine raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Brookfield Infrastructure Partners presently has an average rating of “Buy” and a consensus target price of $46.27.

Shares of BIP stock opened at $39.71 on Tuesday. Brookfield Infrastructure Partners L.P. has a 1 year low of $36.84 and a 1 year high of $46.88. The company has a market cap of $11.15 billion, a PE ratio of 26.30, a P/E/G ratio of 1.29 and a beta of 0.96.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Friday, November 2nd. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.82). Brookfield Infrastructure Partners had a return on equity of 3.54% and a net margin of 8.22%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $795.00 million. Research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, November 30th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.73%. Brookfield Infrastructure Partners’s payout ratio is 124.50%.

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Brookfield Infrastructure Partners Profile

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.

Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers

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

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