Focus Partners Wealth Acquires 11,587 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Focus Partners Wealth increased its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 103.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,803 shares of the utilities provider's stock after acquiring an additional 11,587 shares during the period. Focus Partners Wealth's holdings in Brookfield Infrastructure Partners were worth $759,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter worth approximately $1,923,000. EP Wealth Advisors LLC grew its holdings in Brookfield Infrastructure Partners by 14.0% during the fourth quarter. EP Wealth Advisors LLC now owns 20,612 shares of the utilities provider's stock worth $655,000 after buying an additional 2,537 shares in the last quarter. Cetera Investment Advisers raised its position in Brookfield Infrastructure Partners by 6.4% in the 4th quarter. Cetera Investment Advisers now owns 39,968 shares of the utilities provider's stock valued at $1,271,000 after buying an additional 2,401 shares during the last quarter. Chapman Financial Group LLC bought a new position in Brookfield Infrastructure Partners during the 4th quarter valued at $844,000. Finally, Ameriprise Financial Inc. lifted its stake in Brookfield Infrastructure Partners by 11.0% during the 4th quarter. Ameriprise Financial Inc. now owns 46,374 shares of the utilities provider's stock valued at $1,474,000 after acquiring an additional 4,614 shares in the last quarter. Institutional investors own 57.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BIP shares. Scotiabank lifted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Raymond James boosted their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. TD Securities lifted their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, Wall Street Zen upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $41.67.

Brookfield Infrastructure Partners Stock Performance

BIP traded up $0.06 during midday trading on Thursday, reaching $32.36. The company had a trading volume of 276,763 shares, compared to its average volume of 445,476. Brookfield Infrastructure Partners L.P. has a 12-month low of $25.72 and a 12-month high of $36.50. The business has a 50-day moving average price of $29.81 and a two-hundred day moving average price of $31.67. The stock has a market cap of $15.02 billion, a PE ratio of 809.20 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. The company had revenue of $5.39 billion for the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. On average, sell-side analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.32%. Brookfield Infrastructure Partners's dividend payout ratio is presently -8,600.00%.

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.