166,096 Shares in Brookfield Infrastructure Partners LP $BIP Purchased by Guardian Partners Inc.

Key Points

• Guardian Partners acquired 166,096 shares of Brookfield Infrastructure Partners during the third quarter, worth approximately $5.9 million. Institutional investors and hedge funds collectively own 57.92% of the company.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $45.11, despite one recent downgrade to “sell.”
• BIP reported quarterly earnings of $0.89 per share, significantly above the $0.16 consensus estimate, while revenue rose 19.4% year over year to $6.48 billion. The partnership pays an annualized dividend of $1.82, yielding about 5.0%.

Guardian Partners Inc. acquired a new stake in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 166,096 shares of the utilities provider's stock, valued at approximately $5,926,000.

Other large investors also recently modified their holdings of the company. Sawyer & Company Inc bought a new stake in Brookfield Infrastructure Partners during the third quarter valued at $133,000. Rare Wolf Capital LLC acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth about $358,000. Louisbourg Investments Inc. bought a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth about $172,000. Sterling Investment Counsel LLC bought a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth about $239,000. Finally, Value Partners Investments Inc. raised its position in shares of Brookfield Infrastructure Partners by 4.2% in the 3rd quarter. Value Partners Investments Inc. now owns 62,526 shares of the utilities provider's stock worth $2,232,000 after acquiring an additional 2,493 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BIP. National Bank Financial boosted their price objective on Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and set a $47.00 target price (up from $45.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, July 31st. Weiss Ratings upgraded Brookfield Infrastructure Partners from a "hold (c-)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. Citigroup reissued a "neutral" rating and issued a $41.00 price target (up from $37.00) on shares of Brookfield Infrastructure Partners in a research note on Monday, August 3rd. Finally, Wall Street Zen lowered Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.11.

Brookfield Infrastructure Partners Trading Down 0.9%

NYSE:BIP opened at $36.43 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 10.53 and a beta of 1.06. The firm has a fifty day simple moving average of $36.99 and a two-hundred day simple moving average of $37.67. Brookfield Infrastructure Partners LP has a 12 month low of $33.21 and a 12 month high of $44.03.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.73. Brookfield Infrastructure Partners had a net margin of 3.51% and a return on equity of 2.63%. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The business's revenue was up 19.4% compared to the same quarter last year. Analysts expect that Brookfield Infrastructure Partners LP will post 3.63 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st were paid a $0.4550 dividend. The ex-dividend date was Monday, August 31st. This represents a $1.82 annualized dividend and a dividend yield of 5.0%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently 293.55%.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. NYSE: BIP is a global owner and operator of essential infrastructure assets. The partnership invests in and manages businesses that provide critical services to communities and industries, with a focus on long-term, durable cash flows and assets that are difficult to replicate.

Its operations span several infrastructure sectors, including utilities, transportation, midstream energy, and data infrastructure. The portfolio includes regulated and contracted businesses such as electricity and natural gas transmission and distribution systems, rail and port operations, natural gas pipelines and processing facilities, fiber-optic networks, data centers, and other communications infrastructure.

Brookfield Infrastructure serves customers across North America, South America, Europe, and the Asia-Pacific region.

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