Blair William & Co. IL Raises Stock Holdings in Brookfield Infrastructure Partners LP $BIP

Key Points

• Blair William & Co. IL significantly increased its stake in Brookfield Infrastructure Partners by 116.2% in the second quarter, owning 71,913 shares valued at approximately $2.4 million.
• Brookfield Infrastructure Partners' stock received a mixed consensus rating, with a Moderate Buy rating and an average price target of $40.14 from analysts.
• The company recently declared a quarterly dividend of $0.43 per share, equating to an annualized dividend yield of 4.9%.

Blair William & Co. IL boosted its stake in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 116.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,913 shares of the utilities provider's stock after buying an additional 38,657 shares during the period. Blair William & Co. IL's holdings in Brookfield Infrastructure Partners were worth $2,409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. North Capital Inc. acquired a new position in Brookfield Infrastructure Partners in the 1st quarter valued at about $35,000. SouthState Corp acquired a new position in Brookfield Infrastructure Partners in the 1st quarter valued at about $37,000. Farther Finance Advisors LLC grew its position in shares of Brookfield Infrastructure Partners by 565.6% during the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock worth $68,000 after buying an additional 1,906 shares in the last quarter. Pandora Wealth Inc. acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter worth about $80,000. Finally, State of Wyoming acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter worth about $97,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on BIP shares. National Bankshares set a $35.00 price objective on Brookfield Infrastructure Partners and gave the stock an "outperform" rating in a research report on Friday, September 26th. Royal Bank Of Canada set a $40.00 price target on Brookfield Infrastructure Partners and gave the company an "outperform" rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Brookfield Infrastructure Partners in a report on Wednesday, October 8th. Wall Street Zen downgraded Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a report on Saturday, September 6th. Finally, Jefferies Financial Group assumed coverage on Brookfield Infrastructure Partners in a research note on Friday, August 29th. They issued a "buy" rating and a $35.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners presently has a consensus rating of "Moderate Buy" and an average target price of $40.14.

Brookfield Infrastructure Partners Price Performance

Brookfield Infrastructure Partners stock opened at $34.87 on Wednesday. Brookfield Infrastructure Partners LP has a 12 month low of $25.72 and a 12 month high of $36.50. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.88 and a quick ratio of 0.85. The business has a 50 day simple moving average of $31.58 and a 200-day simple moving average of $31.56. The stock has a market capitalization of $16.16 billion, a PE ratio of 697.48 and a beta of 1.16.

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

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a $0.43 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.72 annualized dividend and a yield of 4.9%. Brookfield Infrastructure Partners's dividend payout ratio is presently 3,440.00%.

About Brookfield Infrastructure Partners

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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