BROOKFIELD Corp ON Raises Holdings in Brookfield Infrastructure Partners LP $BIP

Key Points

• BROOKFIELD Corp ON increased its stake in Brookfield Infrastructure Partners LP by 3.5%, holding approximately 4.69 million shares valued at about $139.61 million as of the latest SEC filing.
• Brookfield Infrastructure Partners has announced a quarterly dividend of $0.43, reflecting an annualized dividend of $1.72 and a dividend yield of 5.6%.
• Analysts have set various price targets for BIP, with Royal Bank Of Canada estimating a price objective of $40.00 and Jefferies Financial Group initiating coverage with a target of $35.00.

BROOKFIELD Corp ON increased its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,686,497 shares of the utilities provider's stock after acquiring an additional 158,881 shares during the period. Brookfield Infrastructure Partners comprises 0.8% of BROOKFIELD Corp ON's investment portfolio, making the stock its 20th biggest position. BROOKFIELD Corp ON owned approximately 1.01% of Brookfield Infrastructure Partners worth $139,611,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BIP. GAMMA Investing LLC increased its stake in Brookfield Infrastructure Partners by 947.1% during the first quarter. GAMMA Investing LLC now owns 9,026 shares of the utilities provider's stock worth $269,000 after purchasing an additional 8,164 shares during the period. Farther Finance Advisors LLC increased its stake in Brookfield Infrastructure Partners by 565.6% during the 1st 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 during the period. SG Americas Securities LLC purchased a new stake in Brookfield Infrastructure Partners during the 1st quarter worth approximately $320,000. Envestnet Asset Management Inc. lifted its holdings in Brookfield Infrastructure Partners by 18.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 89,377 shares of the utilities provider's stock worth $2,663,000 after buying an additional 13,788 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Brookfield Infrastructure Partners by 15.0% in the 4th quarter. Northern Trust Corp now owns 374,347 shares of the utilities provider's stock valued at $11,900,000 after buying an additional 48,787 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Down 0.4%

Shares of NYSE:BIP traded down $0.14 on Wednesday, hitting $30.98. 198,908 shares of the company's stock were exchanged, compared to its average volume of 515,976. Brookfield Infrastructure Partners LP has a 1-year low of $25.72 and a 1-year high of $36.50. The company has a market capitalization of $14.36 billion, a PE ratio of 619.74 and a beta of 1.10. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.88. The firm's 50-day moving average is $31.20 and its 200 day moving average is $31.04.

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

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Friday, August 29th. Brookfield Infrastructure Partners's payout ratio is currently 3,440.00%.

Wall Street Analysts Forecast Growth

BIP has been the subject of several research reports. Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday, September 6th. Royal Bank Of Canada set a $40.00 target price on Brookfield Infrastructure Partners and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Finally, Jefferies Financial Group began coverage on Brookfield Infrastructure Partners in a report on Friday, August 29th. They set a "buy" rating and a $35.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $41.00.

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.