IFP Advisors Inc Sells 730 Shares of Brookfield Infrastructure Partners LP (BIP)

IFP Advisors Inc lowered its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 18,529 shares of the utilities provider’s stock after selling 730 shares during the period. IFP Advisors Inc’s holdings in Brookfield Infrastructure Partners were worth $758,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bellwether Investment Group LLC raised its stake in Brookfield Infrastructure Partners by 1.2% in the first quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock valued at $105,000 after buying an additional 32 shares in the last quarter. Bollard Group LLC raised its stake in Brookfield Infrastructure Partners by 1.0% in the second quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock valued at $151,000 after buying an additional 38 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its stake in Brookfield Infrastructure Partners by 0.5% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 12,400 shares of the utilities provider’s stock valued at $507,000 after buying an additional 65 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Brookfield Infrastructure Partners by 1.1% in the first quarter. Stratos Wealth Partners LTD. now owns 8,749 shares of the utilities provider’s stock valued at $338,000 after buying an additional 98 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Brookfield Infrastructure Partners by 5.5% in the second quarter. Janney Montgomery Scott LLC now owns 6,407 shares of the utilities provider’s stock valued at $262,000 after buying an additional 335 shares in the last quarter. 34.06% of the stock is owned by institutional investors and hedge funds.

Shares of Brookfield Infrastructure Partners LP (NYSE BIP) opened at 42.45 on Friday. Brookfield Infrastructure Partners LP has a 12 month low of $30.76 and a 12 month high of $43.48. The stock has a market cap of $11.02 billion, a P/E ratio of 93.30 and a beta of 1.11. The company has a 50 day moving average of $40.78 and a 200 day moving average of $38.75.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data 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. The firm had revenue of $934 million for the quarter, compared to analyst estimates of $768 million. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. Equities research analysts expect that Brookfield Infrastructure Partners LP will post $1.38 earnings per share for the current fiscal year.

The company also recently disclosed 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 4.10%. The ex-dividend date of this dividend is Tuesday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 370.22%.

ILLEGAL ACTIVITY WARNING: “IFP Advisors Inc Sells 730 Shares of Brookfield Infrastructure Partners LP (BIP)” was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2802370/ifp-advisors-inc-sells-730-shares-of-brookfield-infrastructure-partners-lp-bip.html.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. BidaskClub lowered shares of Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Scotiabank increased their target price on shares of Brookfield Infrastructure Partners from $40.00 to $57.00 and gave the company an “outperform” rating in a research note on Tuesday, June 6th. TD Securities increased their target price on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, CSFB raised shares of Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and increased their target price for the company from $40.00 to $44.00 in a research note on Friday, June 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $45.72.

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

Want to see what other hedge funds are holding BIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN).

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

Receive News & Ratings for Brookfield Infrastructure Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.