Mirador Capital Partners LP Sells 525 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Mirador Capital Partners LP lowered its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,470 shares of the utilities provider’s stock after selling 525 shares during the quarter. Mirador Capital Partners LP’s holdings in Brookfield Infrastructure Partners were worth $233,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BIP. CIBC Asset Management Inc raised its stake in shares of Brookfield Infrastructure Partners by 20.0% in the fourth quarter. CIBC Asset Management Inc now owns 6,681,918 shares of the utilities provider’s stock valued at $211,259,000 after acquiring an additional 1,112,217 shares during the last quarter. Gold Investment Management Ltd. bought a new position in Brookfield Infrastructure Partners in the 4th quarter valued at $5,330,000. Triasima Portfolio Management inc. bought a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth $12,322,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at $205,000. Finally, Brown Advisory Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 11.0% in the fourth quarter. Brown Advisory Inc. now owns 385,416 shares of the utilities provider’s stock valued at $12,137,000 after buying an additional 38,216 shares during the last quarter. 57.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Jefferies Financial Group reduced their price objective on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, StockNews.com cut Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.20.

Brookfield Infrastructure Partners Price Performance

Shares of BIP stock opened at $27.13 on Tuesday. The stock has a 50-day moving average of $28.72 and a 200-day moving average of $29.55. Brookfield Infrastructure Partners L.P. has a one year low of $21.03 and a one year high of $37.15. The stock has a market cap of $12.59 billion, a PE ratio of 87.52 and a beta of 1.04.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.68). Brookfield Infrastructure Partners had a return on equity of 1.23% and a net margin of 2.05%. The firm had revenue of $5.19 billion during the quarter. As a group, research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.23 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a $0.405 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a yield of 5.97%. Brookfield Infrastructure Partners’s payout ratio is 522.58%.

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.