Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Bought by Financial Perspectives Inc

Financial Perspectives Inc lifted its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 193.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,448 shares of the utilities provider’s stock after purchasing an additional 4,906 shares during the quarter. Financial Perspectives Inc’s holdings in Brookfield Infrastructure Partners were worth $235,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. AE Wealth Management LLC boosted its holdings in Brookfield Infrastructure Partners by 14.8% in the 3rd quarter. AE Wealth Management LLC now owns 12,763 shares of the utilities provider’s stock valued at $375,000 after purchasing an additional 1,647 shares in the last quarter. Washington Trust Advisors Inc. increased its holdings in Brookfield Infrastructure Partners by 168.9% in the 3rd quarter. Washington Trust Advisors Inc. now owns 10,083 shares of the utilities provider’s stock valued at $296,000 after purchasing an additional 6,333 shares in the last quarter. Epiq Partners LLC raised its holdings in shares of Brookfield Infrastructure Partners by 12.1% during the 3rd quarter. Epiq Partners LLC now owns 58,032 shares of the utilities provider’s stock valued at $1,706,000 after buying an additional 6,250 shares during the period. Raymond James & Associates boosted its stake in shares of Brookfield Infrastructure Partners by 9.3% in the third quarter. Raymond James & Associates now owns 538,703 shares of the utilities provider’s stock valued at $15,838,000 after purchasing an additional 45,880 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Brookfield Infrastructure Partners by 20.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 56,487 shares of the utilities provider’s stock valued at $1,661,000 after acquiring an additional 9,592 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. National Bank Financial cut shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 30th. National Bankshares cut shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price target on the stock. in a research report on Tuesday, January 30th. Jefferies Financial Group lowered their price target on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. BMO Capital Markets lifted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. Finally, Raymond James increased their target price on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.60.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock traded up $0.09 on Tuesday, hitting $27.85. The company’s stock had a trading volume of 399,386 shares, compared to its average volume of 519,193. The firm has a market cap of $12.85 billion, a P/E ratio of 199.87 and a beta of 0.95. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.20. Brookfield Infrastructure Partners L.P. has a one year low of $21.03 and a one year high of $37.32. The company has a fifty day moving average price of $29.19 and a 200-day moving average price of $28.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). The company had revenue of $4.97 billion for the quarter. Brookfield Infrastructure Partners had a return on equity of 0.79% and a net margin of 1.34%. On average, equities analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.3 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 5.82%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. Brookfield Infrastructure Partners’s dividend payout ratio is presently 1,157.23%.

Brookfield Infrastructure Partners Company Profile

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 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.