Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth grew its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 103.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,803 shares of the utilities provider’s stock after purchasing an additional 11,587 shares during the period. Focus Partners Wealth’s holdings in Brookfield Infrastructure Partners were worth $759,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in Brookfield Infrastructure Partners during the fourth quarter worth $26,000. Compass Planning Associates Inc purchased a new position in Brookfield Infrastructure Partners in the fourth quarter valued at $28,000. Larson Financial Group LLC purchased a new position in Brookfield Infrastructure Partners in the fourth quarter valued at $30,000. Wingate Wealth Advisors Inc. acquired a new position in Brookfield Infrastructure Partners in the fourth quarter valued at $32,000. Finally, Stonebridge Financial Group LLC acquired a new position in Brookfield Infrastructure Partners in the fourth quarter valued at $44,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP stock opened at $32.89 on Monday. Brookfield Infrastructure Partners L.P. has a 12 month low of $25.72 and a 12 month high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72. The firm has a market capitalization of $15.27 billion, a P/E ratio of 822.36 and a beta of 1.07. The company’s fifty day moving average price is $29.53 and its two-hundred day moving average price is $31.66.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the business posted $0.78 EPS. On average, research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure Partners’s dividend payout ratio is presently -8,600.00%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BIP. Scotiabank increased their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. TD Securities raised their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Citigroup dropped their target price on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $41.67.

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.