Chapman Financial Group LLC Makes New $844,000 Investment in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Chapman Financial Group LLC bought a new position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 26,549 shares of the utilities provider's stock, valued at approximately $844,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BIP. Triasima Portfolio Management inc. grew its stake in shares of Brookfield Infrastructure Partners by 1.1% in the 4th quarter. Triasima Portfolio Management inc. now owns 33,330 shares of the utilities provider's stock valued at $1,059,000 after purchasing an additional 350 shares during the period. MGO One Seven LLC boosted its position in Brookfield Infrastructure Partners by 5.5% in the fourth quarter. MGO One Seven LLC now owns 7,105 shares of the utilities provider's stock valued at $226,000 after buying an additional 372 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 8.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,096 shares of the utilities provider's stock worth $257,000 after buying an additional 602 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in Brookfield Infrastructure Partners by 6.1% during the 4th quarter. Belpointe Asset Management LLC now owns 11,231 shares of the utilities provider's stock valued at $361,000 after purchasing an additional 647 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in Brookfield Infrastructure Partners by 11.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,119 shares of the utilities provider's stock worth $226,000 after purchasing an additional 707 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. Citigroup reduced their target price on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. Raymond James raised their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 30th. Finally, TD Securities lifted their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Two investment 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. Based on data from MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of "Buy" and a consensus target price of $41.67.

Brookfield Infrastructure Partners Price Performance

NYSE BIP opened at $30.95 on Monday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. Brookfield Infrastructure Partners L.P. has a 52-week low of $25.72 and a 52-week high of $36.50. The business has a 50 day simple moving average of $29.15 and a 200 day simple moving average of $31.90. The stock has a market cap of $14.37 billion, a price-to-earnings ratio of 773.94 and a beta of 1.07.

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

Brookfield Infrastructure Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.56%. Brookfield Infrastructure Partners's dividend payout ratio is currently -8,600.00%.

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.

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