Tocqueville Asset Management L.P. Has $551,000 Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Tocqueville Asset Management L.P. reduced its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,825 shares of the utilities provider’s stock after selling 380 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Brookfield Infrastructure Partners were worth $551,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Harbor Advisory Corp MA raised its position in shares of Brookfield Infrastructure Partners by 2.1% in the first quarter. Harbor Advisory Corp MA now owns 132,153 shares of the utilities provider’s stock valued at $5,533,000 after purchasing an additional 2,699 shares during the period. Nexus Investment Management Inc. increased its position in Brookfield Infrastructure Partners by 0.6% during the second quarter. Nexus Investment Management Inc. now owns 686,999 shares of the utilities provider’s stock worth $29,445,000 after acquiring an additional 3,988 shares during the period. Steinberg Global Asset Management increased its position in Brookfield Infrastructure Partners by 11.9% during the first quarter. Steinberg Global Asset Management now owns 102,459 shares of the utilities provider’s stock worth $4,290,000 after acquiring an additional 10,902 shares during the period. Creative Planning increased its position in Brookfield Infrastructure Partners by 10.0% during the second quarter. Creative Planning now owns 29,014 shares of the utilities provider’s stock worth $1,246,000 after acquiring an additional 2,649 shares during the period. Finally, Bridgecreek Investment Management LLC bought a new position in Brookfield Infrastructure Partners during the first quarter worth $2,710,000. Institutional investors and hedge funds own 48.23% of the company’s stock.

BIP opened at $44.83 on Friday. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $32.26 and a fifty-two week high of $44.81. The firm’s fifty day moving average price is $43.87 and its two-hundred day moving average price is $41.90. The company has a market capitalization of $12.48 billion, a P/E ratio of 75.98, a P/E/G ratio of 0.93 and a beta of 0.90.



Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.02. Brookfield Infrastructure Partners had a net margin of 3.32% and a return on equity of 1.40%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The business’s revenue was up 61.4% compared to the same quarter last year. On average, analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.44 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.502 per share. The ex-dividend date of this dividend is Thursday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 340.68%.

A number of brokerages recently issued reports on BIP. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. National Bank Financial reaffirmed an “outperform” rating and set a $50.00 target price on shares of Brookfield Infrastructure Partners in a research report on Thursday, July 18th. Barclays reaffirmed a “hold” rating on shares of Brookfield Infrastructure Partners in a research report on Friday, August 2nd. Industrial Alliance Securities boosted their target price on shares of Brookfield Infrastructure Partners from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Finally, TD Securities boosted their target price on shares of Brookfield Infrastructure Partners from $48.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $47.41.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The 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 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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

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