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

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

A number of other hedge funds and other institutional investors have also bought and sold shares of BIP. Principal Financial Group Inc. raised its stake in shares of Brookfield Infrastructure Partners by 2.7% in the third quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider's stock worth $834,282,000 after purchasing an additional 616,373 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at $101,000. B. Riley Wealth Advisors Inc. bought a new position in Brookfield Infrastructure Partners during the 3rd quarter valued at $277,000. JPMorgan Chase & Co. boosted its holdings in Brookfield Infrastructure Partners by 24.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,130 shares of the utilities provider's stock worth $775,000 after acquiring an additional 4,281 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Brookfield Infrastructure Partners by 8,540.8% in the 4th quarter. UMB Bank n.a. now owns 28,774 shares of the utilities provider's stock worth $915,000 after acquiring an additional 28,441 shares in the last quarter. Institutional investors own 57.92% of the company's stock.

Analyst Ratings Changes

BIP has been the topic of a number of recent analyst reports. TD Securities raised their price target on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Raymond James boosted their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 30th. Scotiabank increased their price target on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Citigroup cut their price objective on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of "Buy" and a consensus price target of $41.67.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP traded down $0.02 during trading on Friday, reaching $31.91. 589,714 shares of the stock traded hands, compared to its average volume of 443,127. The company has a 50-day moving average of $29.18 and a 200-day moving average of $31.78. Brookfield Infrastructure Partners L.P. has a 52-week low of $25.72 and a 52-week high of $36.50. The stock has a market capitalization of $14.81 billion, a P/E ratio of 797.95 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its earnings results on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. The firm had revenue of $5.39 billion during 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 quarter last year, the business earned $0.78 earnings per share. Analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.39%. 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.