2,211 Shares in Brookfield Infrastructure Partners L.P. (NYSE:BIP) Purchased by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC purchased a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,211 shares of the utilities provider’s stock, valued at approximately $109,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter valued at about $8,007,000. Intrua Financial LLC increased its holdings in Brookfield Infrastructure Partners by 6.0% in the 3rd quarter. Intrua Financial LLC now owns 6,942 shares of the utilities provider’s stock worth $354,000 after buying an additional 394 shares during the period. Aurora Investment Counsel increased its holdings in Brookfield Infrastructure Partners by 52.4% in the 3rd quarter. Aurora Investment Counsel now owns 16,920 shares of the utilities provider’s stock worth $883,000 after buying an additional 5,821 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter worth approximately $270,000. Finally, Epiq Partners LLC increased its holdings in Brookfield Infrastructure Partners by 14.2% in the 4th quarter. Epiq Partners LLC now owns 28,215 shares of the utilities provider’s stock worth $1,394,000 after buying an additional 3,500 shares during the period. 50.16% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of Brookfield Infrastructure Partners from $57.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, February 4th. TD Securities increased their price target on shares of Brookfield Infrastructure Partners from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, February 4th. Barclays increased their price target on shares of Brookfield Infrastructure Partners from $71.00 to $73.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 9th. National Bank Financial increased their price target on shares of Brookfield Infrastructure Partners from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 5th. Finally, Raymond James set a $65.00 price target on shares of Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a report on Friday, February 12th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $56.27.

Shares of NYSE BIP opened at $54.91 on Thursday. The stock has a market capitalization of $16.21 billion, a price-to-earnings ratio of -203.37 and a beta of 0.83. Brookfield Infrastructure Partners L.P. has a 12 month low of $37.00 and a 12 month high of $55.19. The firm’s 50 day simple moving average is $52.69 and its 200-day simple moving average is $50.44.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Tuesday, February 2nd. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.29). Brookfield Infrastructure Partners had a net margin of 1.14% and a return on equity of 0.47%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the business earned $0.86 EPS. On average, equities analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, February 26th were given a dividend of $0.51 per share. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.49. The ex-dividend date was Thursday, February 25th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.72%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 2,771.43%.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses in North and South America, Europe, and the Asia Pacific. 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; and approximately 6.7 million electricity and natural gas connections, as well as operates coal export terminals.

Further Reading: What is the return on assets (ROA) ratio?

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Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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