Boston Trust Walden Corp Takes $212,000 Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Boston Trust Walden Corp acquired a new stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,050 shares of the utilities provider’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cedar Mountain Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the third quarter valued at approximately $26,000. Bank & Trust Co acquired a new stake in Brookfield Infrastructure Partners in the second quarter valued at approximately $31,000. Clear Point Advisors Inc. acquired a new stake in Brookfield Infrastructure Partners in the first quarter valued at approximately $33,000. Park Place Capital Corp acquired a new stake in Brookfield Infrastructure Partners in the second quarter valued at approximately $41,000. Finally, Asset Dedication LLC acquired a new stake in Brookfield Infrastructure Partners in the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Wall Street Analyst Weigh In

BIP has been the topic of several analyst reports. Jefferies Financial Group raised their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 30th. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Brookfield Infrastructure Partners Stock Up 1.0 %

BIP stock opened at $35.70 on Monday. The company’s 50 day moving average is $33.55 and its two-hundred day moving average is $30.65. The stock has a market cap of $16.56 billion, a P/E ratio of 115.16 and a beta of 1.06. Brookfield Infrastructure Partners L.P. has a twelve month low of $21.03 and a twelve month high of $36.50. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, August 1st. The utilities provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.80). The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $1.91 billion. Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. Research analysts expect that Brookfield Infrastructure Partners L.P. will post 3.15 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a $0.405 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.54%. Brookfield Infrastructure Partners’s payout ratio is 522.58%.

Brookfield Infrastructure Partners 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.