Brookfield Infrastructure Partners LP $BIP Shares Bought by Aviso Financial Inc.

Key Points

• Aviso Financial Inc. increased its stake in Brookfield Infrastructure Partners by 7.5%, acquiring an additional 20,588 shares, bringing its total ownership to 294,152 shares valued at approximately $8.75 million.
• Brookfield Infrastructure reported $0.81 earnings per share for the last quarter, just missing the consensus estimate of $0.82, with a year-over-year revenue increase of 5.7% to $5.43 billion.
• The company announced a quarterly dividend of $0.43 per share, equating to an annualized dividend yield of 5.8%, with a massive dividend payout ratio of 3,440.00%.

Aviso Financial Inc. grew its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 7.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 294,152 shares of the utilities provider's stock after acquiring an additional 20,588 shares during the quarter. Aviso Financial Inc. owned 0.06% of Brookfield Infrastructure Partners worth $8,754,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Northwest & Ethical Investments L.P. raised its stake in shares of Brookfield Infrastructure Partners by 60.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 114,012 shares of the utilities provider's stock worth $3,394,000 after purchasing an additional 42,776 shares during the last quarter. Tacita Capital Inc raised its stake in shares of Brookfield Infrastructure Partners by 0.5% in the first quarter. Tacita Capital Inc now owns 142,604 shares of the utilities provider's stock worth $4,244,000 after purchasing an additional 767 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in shares of Brookfield Infrastructure Partners by 1.3% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 392,254 shares of the utilities provider's stock worth $11,685,000 after purchasing an additional 4,925 shares during the last quarter. Rathbones Group PLC raised its stake in shares of Brookfield Infrastructure Partners by 9.0% in the first quarter. Rathbones Group PLC now owns 26,592 shares of the utilities provider's stock worth $792,000 after purchasing an additional 2,200 shares during the last quarter. Finally, AGF Management Ltd. raised its stake in shares of Brookfield Infrastructure Partners by 18.6% in the first quarter. AGF Management Ltd. now owns 2,722,101 shares of the utilities provider's stock worth $80,980,000 after purchasing an additional 426,248 shares during the last quarter. Institutional investors and hedge funds own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Performance

BIP stock traded up $0.63 during trading on Friday, hitting $30.66. 973,370 shares of the company traded hands, compared to its average volume of 506,899. The stock's 50-day simple moving average is $31.96 and its 200 day simple moving average is $31.27. 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 company has a market cap of $14.21 billion, a PE ratio of 613.32 and a beta of 1.09. Brookfield Infrastructure Partners LP has a 1 year low of $25.72 and a 1 year high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly 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). Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The company had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter in the prior year, the business posted $0.77 earnings per share. The firm's revenue was up 5.7% compared to the same quarter last year. On average, equities analysts expect that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently 3,440.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BIP shares. Citigroup reduced their price objective on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Wall Street Zen upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of "Buy" and an average target price of $41.67.

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.