Waverly Advisors LLC Invests $344,000 in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Waverly Advisors LLC purchased a new stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,810 shares of the utilities provider's stock, valued at approximately $344,000.

Other large investors also recently made changes to their positions in the company. Promus Capital LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $26,000. Compass Planning Associates Inc acquired a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $28,000. Larson Financial Group LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $30,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $32,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 57.92% of the company's stock.

Analyst Ratings Changes

BIP has been the topic of a number of analyst reports. 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 note on Thursday, February 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. Citigroup dropped their price objective on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Raymond James raised their price objective 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. Finally, TD Securities raised their price objective on 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 given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $41.67.

Brookfield Infrastructure Partners Trading Up 1.5%

Brookfield Infrastructure Partners stock traded up $0.50 during mid-day trading on Friday, hitting $33.16. 100,800 shares of the company's stock were exchanged, compared to its average volume of 442,814. The firm has a market capitalization of $15.40 billion, a P/E ratio of 828.96 and a beta of 1.07. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $25.72 and a fifty-two week high of $36.50. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. The company's 50 day simple moving average is $30.27 and its 200-day simple moving average is $31.60.

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 the consensus estimate of $0.81 by $0.01. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the business posted $0.78 EPS. On average, equities analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure Partners's dividend payout ratio is -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.