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

Waverly Advisors LLC acquired a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,810 shares of the utilities provider's stock, valued at approximately $344,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Brookfield Infrastructure Partners by 24.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,130 shares of the utilities provider's stock worth $775,000 after purchasing an additional 4,281 shares during the period. Janney Montgomery Scott LLC increased its position in Brookfield Infrastructure Partners by 48.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,365 shares of the utilities provider's stock worth $711,000 after buying an additional 7,318 shares during the last quarter. Montrusco Bolton Investments Inc. raised its stake in shares of Brookfield Infrastructure Partners by 5.0% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 829,187 shares of the utilities provider's stock valued at $26,337,000 after buying an additional 39,565 shares during the period. Custom Index Systems LLC bought a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at $234,000. Finally, Triasima Portfolio Management inc. lifted its position in shares of Brookfield Infrastructure Partners by 1.1% during the 4th quarter. Triasima Portfolio Management inc. now owns 33,330 shares of the utilities provider's stock valued at $1,059,000 after buying an additional 350 shares during the last quarter. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James lifted their price objective 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. Wall Street Zen upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. TD Securities boosted 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. Citigroup dropped their price target 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, May 1st. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. 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's stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of "Buy" and an average price target of $41.67.

Brookfield Infrastructure Partners Price Performance

BIP stock traded up $0.08 during mid-day trading on Wednesday, reaching $33.34. 466,030 shares of the company traded hands, compared to its average volume of 445,056. The company has a fifty day moving average price of $30.20 and a 200-day moving average price of $31.61. Brookfield Infrastructure Partners L.P. has a 52-week low of $25.72 and a 52-week high of $36.50. The company has a market capitalization of $15.49 billion, a P/E ratio of 833.78 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 quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $5.39 billion during the quarter, compared to analysts' expectations 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 in the previous year, the company earned $0.78 earnings per share. As a group, 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.16%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently -8,600.00%.

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.