37,500 Shares of Brookfield Infrastructure Partners LP $BIP Bought by Sage Investment Counsel LLC

Key Points

• Sage Investment Counsel LLC acquired 37,500 Brookfield Infrastructure Partners shares worth approximately $1.33 million, making BIP 1.3% of its portfolio. Institutional investors and hedge funds collectively own 57.92% of the company.
• Analyst sentiment remains favorable, with eight Buy ratings and three Holds, resulting in a consensus “Moderate Buy” rating and an average price target of $44.78.
• BIP shares opened at $36.79, while the company reported quarterly revenue growth of 19.4% and declared a $0.455 quarterly dividend, equivalent to a 4.9% annualized yield.

Sage Investment Counsel LLC bought a new stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 37,500 shares of the utilities provider's stock, valued at approximately $1,333,000. Brookfield Infrastructure Partners accounts for 1.3% of Sage Investment Counsel LLC's investment portfolio, making the stock its 22nd largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. increased its stake in shares of Brookfield Infrastructure Partners by 5.2% in the second quarter. QRG Capital Management Inc. now owns 8,721 shares of the utilities provider's stock valued at $318,000 after purchasing an additional 433 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Brookfield Infrastructure Partners by 2.3% during the first quarter. Janney Montgomery Scott LLC now owns 23,194 shares of the utilities provider's stock valued at $838,000 after buying an additional 529 shares during the last quarter. Western Pacific Wealth Management LP bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $27,000. Allied Private Wealth LLC acquired a new position in shares of Brookfield Infrastructure Partners during the second quarter worth approximately $37,000. Finally, Bank & Trust Co acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter worth approximately $40,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BIP has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price objective on Brookfield Infrastructure Partners from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. Weiss Ratings raised Brookfield Infrastructure Partners from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. National Bank Financial boosted their price target on Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Wall Street Zen cut Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th. Finally, BMO Capital Markets increased their price target on Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of "Moderate Buy" and a consensus target price of $44.78.

Brookfield Infrastructure Partners Stock Down 0.7%

BIP stock opened at $36.79 on Tuesday. Brookfield Infrastructure Partners LP has a 52 week low of $33.21 and a 52 week high of $44.03. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of 59.34 and a beta of 1.06. The firm's 50-day moving average is $36.88 and its two-hundred day moving average is $37.40. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.73. The company had revenue of $6.48 billion during the quarter, compared to analyst estimates of $2.23 billion. Brookfield Infrastructure Partners had a net margin of 3.51% and a return on equity of 2.63%. The business's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 EPS. On average, analysts forecast that Brookfield Infrastructure Partners LP will post 3.63 earnings per share 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. Investors of record on Monday, August 31st were issued a dividend of $0.4550 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.82 annualized dividend and a yield of 4.9%. Brookfield Infrastructure Partners's payout ratio is presently 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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