Trade Report: The 3,632 Shares of Brookfield Infrastructure Partners LP (BIP) are sold by Tealwood Asset Management Inc.

The 3,632 Shares of Brookfield Infrastructure Partners LP (BIP) are sold by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. reduced its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 107,829 shares of the company’s stock after selling 3,632 shares during the period. Brookfield Infrastructure Partners comprises approximately 2.2% of Tealwood Asset Management Inc.’s portfolio, making the stock its 7th largest position. Tealwood Asset Management Inc.’s holdings in Brookfield Infrastructure Partners were worth $4,880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIP. CIBC World Markets Inc. boosted its position in shares of Brookfield Infrastructure Partners by 34.5% in the second quarter. CIBC World Markets Inc. now owns 558,078 shares of the company’s stock worth $25,259,000 after buying an additional 143,026 shares during the period. Royal Bank of Canada boosted its position in shares of Brookfield Infrastructure Partners by 9.2% in the first quarter. Royal Bank of Canada now owns 10,309,879 shares of the company’s stock worth $434,354,000 after buying an additional 869,958 shares during the period. Bank of Montreal Can bought a new position in shares of Brookfield Infrastructure Partners during the second quarter worth about $287,431,000. Bank of Nova Scotia Trust Co. boosted its position in shares of 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 during the period. Finally, Callahan Advisors LLC boosted its position in shares of Brookfield Infrastructure Partners by 1.0% in the second quarter. Callahan Advisors LLC now owns 104,102 shares of the company’s stock worth $4,712,000 after buying an additional 1,011 shares during the period. 29.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) traded up 0.95% during mid-day trading on Thursday, reaching $33.93. 110,427 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $37.28 and a 200 day moving average price of $31.52. Brookfield Infrastructure Partners LP has a 12-month low of $20.33 and a 12-month high of $49.89. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 37.91 and a beta of 0.93.

Brookfield Infrastructure Partners (NYSE:BIP) last announced its earnings results on Wednesday, August 3rd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.77. The firm had revenue of $462 million for the quarter, compared to analysts’ expectations of $674.50 million. Brookfield Infrastructure Partners had a net margin of 20.77% and a return on equity of 5.40%. Analysts anticipate that Brookfield Infrastructure Partners LP will post $1.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 7.02%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 175.75%.

A number of brokerages have recently issued reports on BIP. BMO Capital Markets reaffirmed a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, September 30th. RBC Capital Markets reaffirmed an “outperform” rating and set a $47.00 price objective (up from $46.00) on shares of Brookfield Infrastructure Partners in a research note on Monday, September 26th. TD Securities raised their price objective on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, September 26th. Raymond James Financial Inc. cut Brookfield Infrastructure Partners from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $36.00 to $39.00 in a research note on Monday, September 26th. Finally, Citigroup Inc. raised their price objective on Brookfield Infrastructure Partners from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Brookfield Infrastructure Partners presently has an average rating of “Buy” and a consensus price target of C$38.10.

Brookfield Infrastructure Partners Company Profile

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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