SG Americas Securities LLC raised its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP – Get Rating) (TSE:BIP.UN) by 96.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,741 shares of the utilities provider's stock after purchasing an additional 18,006 shares during the period. SG Americas Securities LLC's holdings in Brookfield Infrastructure Partners were worth $1,404,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BIP. National Bank of Canada FI increased its stake in Brookfield Infrastructure Partners by 53.7% in the second quarter. National Bank of Canada FI now owns 2,580,205 shares of the utilities provider's stock valued at $97,900,000 after purchasing an additional 901,026 shares during the last quarter. CCLA Investment Management Ltd increased its stake in Brookfield Infrastructure Partners by 888.5% in the first quarter. CCLA Investment Management Ltd now owns 974,847 shares of the utilities provider's stock valued at $63,685,000 after purchasing an additional 876,227 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Brookfield Infrastructure Partners by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,344,597 shares of the utilities provider's stock valued at $420,203,000 after purchasing an additional 685,194 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Brookfield Infrastructure Partners by 29.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,560,423 shares of the utilities provider's stock valued at $169,492,000 after purchasing an additional 581,862 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd purchased a new position in Brookfield Infrastructure Partners in the first quarter valued at approximately $24,109,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $33.54 on Friday. The stock has a fifty day moving average price of $39.09 and a 200 day moving average price of $39.99. Brookfield Infrastructure Partners L.P. has a 1-year low of $32.09 and a 1-year high of $46.01. The company has a market cap of $15.36 billion, a PE ratio of 48.61 and a beta of 0.79.

Brookfield Infrastructure Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Wednesday, August 31st were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Tuesday, August 30th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently 208.70%.

Wall Street Analysts Forecast Growth

BIP has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Brookfield Infrastructure Partners from $46.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, August 4th. Credit Suisse Group upgraded shares of Brookfield Infrastructure Partners from a "neutral" rating to an "outperform" rating and set a $49.50 target price on the stock in a research report on Thursday, June 30th. TD Securities initiated coverage on shares of Brookfield Infrastructure Partners in a research report on Friday, September 23rd. They set a "buy" rating on the stock. Finally, StockNews.com lowered shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.80.

Brookfield Infrastructure Partners Profile

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Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 61,000 kilometers (km) of operational electricity transmission and distribution lines; 5,300 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.3 million electricity and natural gas connections; and 360,000 long-term contracted sub-metering services.

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