90,061 Shares of Brookfield Infrastructure Partners LP $BIP Purchased by Herold Advisors Inc.

Key Points

• Herold Advisors purchased 90,061 shares of Brookfield Infrastructure Partners in the third quarter, valued at approximately $3.2 million. Institutional investors and hedge funds collectively own 57.92% of the company.
• Brookfield Infrastructure Partners reported quarterly EPS of $0.89, significantly exceeding the $0.16 analyst consensus, while revenue rose 19.4% year over year to $6.48 billion.
• The company pays a quarterly dividend of $0.455 per share, or $1.82 annualized, representing a 4.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $45.11, compared with a recent share price of $37.01.

Herold Advisors Inc. purchased a new stake in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 90,061 shares of the utilities provider's stock, valued at approximately $3,202,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Western Pacific Wealth Management LP purchased a new stake in Brookfield Infrastructure Partners during the third quarter valued at about $27,000. TD Waterhouse Canada Inc. acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter valued at about $76,976,000. NFSG Corp acquired a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at about $42,000. SC&H Financial Advisors Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth $291,000. Finally, Focus Financial Network Inc. acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth about $400,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP traded down $0.44 on Monday, hitting $37.01. 224,497 shares of the stock traded hands, compared to its average volume of 853,097. Brookfield Infrastructure Partners LP has a 12 month low of $33.21 and a 12 month high of $44.03. The business's fifty day moving average is $37.13 and its two-hundred day moving average is $37.66. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.89. The firm has a market capitalization of $16.94 billion, a price-to-earnings ratio of 59.71 and a beta of 1.06.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its earnings results on Thursday, July 30th. The utilities provider reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.73. The business had revenue of $6.48 billion for the quarter, compared to analysts' expectations of $2.23 billion. Brookfield Infrastructure Partners had a return on equity of 2.63% and a net margin of 3.51%. The firm's revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. As a group, equities analysts anticipate that Brookfield Infrastructure Partners LP will post 3.63 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors 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 dividend on an annualized basis and a yield of 4.9%. Brookfield Infrastructure Partners's payout ratio is presently 293.55%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BIP shares. Citigroup restated a "neutral" rating and set a $41.00 target price (up from $37.00) on shares of Brookfield Infrastructure Partners in a report on Monday, August 3rd. Morgan Stanley lowered their price target on shares of Brookfield Infrastructure Partners from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and set a $47.00 price objective (up from $45.00) on shares of Brookfield Infrastructure Partners in a report on Friday, July 31st. BMO Capital Markets lifted their price target on Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Weiss Ratings raised Brookfield Infrastructure Partners from a "hold (c-)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Brookfield Infrastructure Partners has a consensus rating of "Moderate Buy" and an average price target of $45.11.

About Brookfield Infrastructure Partners

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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