Roof Eidam & Maycock ADV Has $368,000 Stake in Brookfield Infrastructure Partners LP (BIP)

Roof Eidam & Maycock ADV continued to hold its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,000 shares of the utilities provider’s stock at the end of the second quarter. Roof Eidam & Maycock ADV’s holdings in Brookfield Infrastructure Partners were worth $368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at approximately $1,533,000. Leith Wheeler Investment Counsel Ltd. acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter valued at approximately $1,741,000. Creative Planning increased its position in shares of Brookfield Infrastructure Partners by 53.2% in the first quarter. Creative Planning now owns 28,078 shares of the utilities provider’s stock valued at $1,086,000 after buying an additional 9,754 shares in the last quarter. Nexus Investment Management Inc. increased its position in shares of Brookfield Infrastructure Partners by 2.2% in the first quarter. Nexus Investment Management Inc. now owns 671,674 shares of the utilities provider’s stock valued at $25,937,000 after buying an additional 14,475 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Brookfield Infrastructure Partners by 26.7% in the first quarter. Bank of Montreal Can now owns 13,975,593 shares of the utilities provider’s stock valued at $540,437,000 after buying an additional 2,947,311 shares in the last quarter. 34.06% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners LP (NYSE BIP) opened at 42.51 on Friday. The firm has a 50-day moving average price of $40.84 and a 200-day moving average price of $38.80. Brookfield Infrastructure Partners LP has a one year low of $30.76 and a one year high of $43.48. The firm has a market cap of $11.04 billion, a PE ratio of 93.43 and a beta of 1.11.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.86. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. The firm had revenue of $934 million during the quarter, compared to analyst estimates of $768 million. On average, equities analysts expect that Brookfield Infrastructure Partners LP will post $1.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.435 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.74 annualized dividend and a dividend yield of 4.09%. Brookfield Infrastructure Partners’s payout ratio is currently 370.22%.

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Several analysts recently issued reports on BIP shares. Barclays PLC reaffirmed an “equal weight” rating and issued a $42.00 price objective (up from $37.00) on shares of Brookfield Infrastructure Partners in a report on Sunday, April 23rd. Scotiabank lifted their price objective on Brookfield Infrastructure Partners from $39.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Credit Suisse Group raised Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $44.00 in a report on Friday, June 16th. Zacks Investment Research raised Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Friday, June 2nd. Finally, Royal Bank Of Canada boosted their price target on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.72.

About Brookfield Infrastructure Partners

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).

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

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