Advisor Group Inc. lifted its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 29.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,011 shares of the utilities provider’s stock after acquiring an additional 5,989 shares during the period. Advisor Group Inc.’s holdings in Brookfield Infrastructure Partners were worth $1,089,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of BIP. Laurel Wealth Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the 4th quarter worth about $31,000. Sandy Spring Bank acquired a new position in shares of Brookfield Infrastructure Partners in the 1st quarter valued at about $48,000. Ellis Investment Partners LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 1st quarter valued at about $51,000. Truvestments Capital LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 1st quarter valued at about $53,000. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of Brookfield Infrastructure Partners by 51.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,064 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 700 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on BIP shares. Zacks Investment Research raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Raymond James reaffirmed an “outperform” rating and issued a $49.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Thursday, March 21st. Finally, National Bank Financial lifted their price objective on Brookfield Infrastructure Partners from $45.50 to $47.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.86.
NYSE BIP opened at $42.45 on Thursday. The stock has a market capitalization of $14.74 billion, a PE ratio of 71.95, a PEG ratio of 1.28 and a beta of 0.93. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.93. Brookfield Infrastructure Partners L.P. has a 1-year low of $32.26 and a 1-year high of $43.27.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Friday, May 3rd. The utilities provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $954.88 million. Brookfield Infrastructure Partners had a return on equity of 1.71% and a net margin of 4.24%. The firm’s revenue was up 57.3% on a year-over-year basis. Sell-side analysts expect that Brookfield Infrastructure Partners L.P. will post 3.49 EPS for the current fiscal year.
The business also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a dividend of $0.502 per share. The ex-dividend date of this dividend is Thursday, May 30th. Brookfield Infrastructure Partners’s payout ratio is currently 340.68%.
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Brookfield Infrastructure Partners 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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