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Principale » Davis Rea Ltd. Increases Stake in Brookfield Infrastructure Partners LP (NYSE:BIP)

Davis Rea Ltd. Increases Stake in Brookfield Infrastructure Partners LP (NYSE:BIP)

11 Août 2017

Its partnership is Brookfield Asset Management Inc's public commercial property entity and the primary vehicle through which it invests in real estate on a global basis.

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 fund owned 184,180 shares of the utilities provider's stock after buying an additional 3,565 shares during the period. Brookfield Renewable Partners L.P.

Other hedge funds and other institutional investors have also recently modified their holdings of the company.

Arthur M. Cohen & Associates LLC increased its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 4,017.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Crestwood Advisors Group LLC now owns 12,250 shares of the utilities provider's stock worth $493,000 after buying an additional 1,000 shares in the last quarter. Finally, Wells Fargo & Company initiated coverage on Brookfield Renewable Partners L.P.in a research report on Tuesday, May 9th. Principal Financial Group Inc. now owns 2,249,697 shares of the utilities provider's stock valued at $66,883,000 after buying an additional 119,318 shares during the last quarter. First Manhattan Co. boosted its stake in Brookfield Business Partners L.P.by 20.0% in the second quarter. Hexavest Inc. now owns 338,455 shares of the utilities provider's stock worth $10,776,000 after buying an additional 3,715 shares in the last quarter. UBS AG lowered shares of Brookfield Renewable Partners L.P. from an "outperform" rating to a "market perform" rating in a report on Monday, July 17th. Mackenzie Financial Corp now owns 568,787 shares of the utilities provider's stock valued at $16,910,000 after buying an additional 5,492 shares during the last quarter.

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Davis Rea Ltd. boosted its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 2.0% during the second quarter, according to its most recent filing with the SEC. Hedge funds and other institutional investors own 54.24% of the company's stock. (NYSE:BEP) traded down 0.47% during midday trading on Thursday, hitting $33.53. The stock rose 3.85% or $0.36 reaching $9.59 per share. Brookfield Infrastructure Partners LP has a 52 week low of $30.76 and a 52 week high of $43.48. In terms of Moving Averages, the 7-day is resting at 23.67. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.05. The firm had revenue of $1.93 billion for the quarter. Equities research analysts predict that Brookfield Infrastructure Partners LP will post $1.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a dividend of $0.4675 per share. This represents a $1.87 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Tuesday, August 29th.

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A number of research analysts have recently issued reports on the stock. They noted that the move was a valuation call. GMP Securities reiterated a "buy" rating and issued a $32.00 price target on shares of Brookfield Renewable Partners L.P.in a research report on Friday, May 5th. "LLC Acquires 28,773 Shares of Brookfield Renewable Partners L.P. (BEP)" was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. Finally, TD Asset Management Inc. raised its stake in Brookfield Business Partners L.P.by 3.2% in the second quarter. The company presently has a consensus rating of "Buy" and an average price target of $45.72. The 14-day ADX for Brookfield Renewable Partners LP (BEP) is standing at 27.89.