Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Harbor Advisory Corp MA

Harbor Advisory Corp MA trimmed its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 0.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 256,187 shares of the utilities provider’s stock after selling 1,241 shares during the period. Brookfield Infrastructure Partners accounts for approximately 2.9% of Harbor Advisory Corp MA’s holdings, making the stock its 10th largest holding. Harbor Advisory Corp MA’s holdings in Brookfield Infrastructure Partners were worth $8,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Rational Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at $39,000. LWM Advisory Services LLC acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at $48,000. CWM LLC raised its stake in Brookfield Infrastructure Partners by 33.7% in the 4th quarter. CWM LLC now owns 2,986 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 753 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at $182,000. Finally, Anchor Investment Management LLC acquired a new position in Brookfield Infrastructure Partners in the 4th quarter valued at $190,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on BIP shares. TD Securities dropped their target price on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a report on Friday, February 2nd. National Bankshares cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price target for the company. in a report on Tuesday, January 30th. BMO Capital Markets increased their price target on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. National Bank Financial cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 30th. Finally, Raymond James increased their price target on 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 equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of “Moderate Buy” and a consensus target price of $38.60.

Brookfield Infrastructure Partners Stock Up 0.2 %

Shares of NYSE BIP traded up $0.06 during midday trading on Monday, hitting $27.20. 84,253 shares of the company’s stock were exchanged, compared to its average volume of 510,357. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.68 and a quick ratio of 0.64. Brookfield Infrastructure Partners L.P. has a twelve month low of $21.03 and a twelve month high of $37.32. The company has a market cap of $12.55 billion, a PE ratio of 194.57 and a beta of 0.95. The firm’s fifty day simple moving average is $28.91 and its 200-day simple moving average is $28.66.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.99). The business 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%. Research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.3 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date was Wednesday, February 28th. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 1,157.14%.

About Brookfield Infrastructure Partners

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.