American National Bank & Trust Purchases Shares of 15,075 Brookfield Infrastructure Partners LP $BIP

Key Points

• American National Bank & Trust purchased 15,075 shares of Brookfield Infrastructure Partners LP, investing approximately $505,000 during the second quarter.
• The company reported a $0.81 EPS for the quarter, slightly missing analyst expectations, with revenue of $5.43 billion, up 5.7% from the previous year.
• A recent dividend of $0.43 per share was declared, resulting in an annualized yield of 5.2% for investors.

American National Bank & Trust bought a new position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,075 shares of the utilities provider's stock, valued at approximately $505,000.

A number of other large investors also recently modified their holdings of BIP. Ameriprise Financial Inc. lifted its holdings in Brookfield Infrastructure Partners by 11.0% in the fourth quarter. Ameriprise Financial Inc. now owns 46,374 shares of the utilities provider's stock valued at $1,474,000 after buying an additional 4,614 shares during the period. GAMMA Investing LLC lifted its holdings in Brookfield Infrastructure Partners by 947.1% in the first quarter. GAMMA Investing LLC now owns 9,026 shares of the utilities provider's stock valued at $269,000 after buying an additional 8,164 shares during the period. Parallel Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the first quarter valued at approximately $45,000. NBC Securities Inc. lifted its holdings in Brookfield Infrastructure Partners by 120,467.6% in the first quarter. NBC Securities Inc. now owns 40,993 shares of the utilities provider's stock valued at $1,221,000 after buying an additional 40,959 shares during the period. Finally, Epiq Partners LLC lifted its holdings in Brookfield Infrastructure Partners by 13.8% in the first quarter. Epiq Partners LLC now owns 103,187 shares of the utilities provider's stock valued at $3,074,000 after buying an additional 12,550 shares during the period. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP opened at $33.08 on Friday. Brookfield Infrastructure Partners LP has a 52-week low of $25.72 and a 52-week high of $36.50. The stock has a market cap of $15.33 billion, a PE ratio of 661.81 and a beta of 1.10. The firm has a 50-day moving average of $31.02 and a 200-day moving average of $31.14. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.88.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the business posted $0.77 earnings per share. Brookfield Infrastructure Partners's revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently 3,440.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BIP. Jefferies Financial Group began coverage on shares of Brookfield Infrastructure Partners in a report on Friday, August 29th. They issued a "buy" rating and a $35.00 price objective on the stock. Royal Bank Of Canada set a $40.00 target price on shares of Brookfield Infrastructure Partners and gave the company an "outperform" rating in a research note on Wednesday, August 27th. National Bankshares set a $35.00 target price on shares of Brookfield Infrastructure Partners and gave the company an "outperform" rating in a research note on Friday. Finally, Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Saturday, September 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $40.14.

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.

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