Private Advisor Group LLC Acquires 830 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Private Advisor Group LLC increased its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,964 shares of the utilities provider’s stock after purchasing an additional 830 shares during the quarter. Private Advisor Group LLC’s holdings in Brookfield Infrastructure Partners were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of BIP. Principal Financial Group Inc. boosted its position in Brookfield Infrastructure Partners by 22.1% during the 4th quarter. Principal Financial Group Inc. now owns 19,951,240 shares of the utilities provider’s stock valued at $628,265,000 after acquiring an additional 3,613,608 shares in the last quarter. 1832 Asset Management L.P. boosted its position in Brookfield Infrastructure Partners by 9.6% during the 4th quarter. 1832 Asset Management L.P. now owns 19,209,097 shares of the utilities provider’s stock valued at $604,894,000 after acquiring an additional 1,678,140 shares in the last quarter. Mackenzie Financial Corp boosted its position in Brookfield Infrastructure Partners by 28.2% during the 4th quarter. Mackenzie Financial Corp now owns 7,118,909 shares of the utilities provider’s stock valued at $224,468,000 after acquiring an additional 1,565,246 shares in the last quarter. CIBC Asset Management Inc boosted its position in Brookfield Infrastructure Partners by 20.0% during the 4th 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 in the last quarter. Finally, Intact Investment Management Inc. boosted its position in Brookfield Infrastructure Partners by 136.3% during the 4th quarter. Intact Investment Management Inc. now owns 1,919,094 shares of the utilities provider’s stock valued at $60,484,000 after acquiring an additional 1,106,910 shares in the last quarter. 57.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Brookfield Infrastructure Partners Trading Up 3.9 %

BIP stock opened at $30.45 on Friday. The stock has a market capitalization of $14.13 billion, a PE ratio of 98.23 and a beta of 1.03. Brookfield Infrastructure Partners L.P. has a 12-month low of $21.03 and a 12-month high of $36.58. The stock’s 50 day simple moving average is $28.92 and its 200 day simple moving average is $29.46.

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

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a $0.405 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.62 annualized dividend and a yield of 5.32%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 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.