Brown Advisory Inc. Has $10.86 Million Position in Brookfield Infrastructure Partners LP (NYSE:BIP)

Brown Advisory Inc. increased its position in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 364,628 shares of the utilities provider's stock after acquiring an additional 27,566 shares during the quarter. Brown Advisory Inc. owned about 0.08% of Brookfield Infrastructure Partners worth $10,862,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake 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 acquiring an additional 8,164 shares during the period. Farther Finance Advisors LLC boosted its position in Brookfield Infrastructure Partners by 565.6% in the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock valued at $68,000 after buying an additional 1,906 shares in the last quarter. SG Americas Securities LLC acquired a new position in Brookfield Infrastructure Partners in the first quarter valued at about $320,000. Northern Trust Corp boosted its position in Brookfield Infrastructure Partners by 15.0% in the fourth 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position in Brookfield Infrastructure Partners by 39.5% in the fourth quarter. Geode Capital Management LLC now owns 19,064 shares of the utilities provider's stock valued at $606,000 after buying an additional 5,398 shares in the last quarter. Institutional investors own 57.92% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada reiterated an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. Finally, Wall Street Zen upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday. Two analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Brookfield Infrastructure Partners presently has a consensus rating of "Buy" and an average target price of $41.67.

Brookfield Infrastructure Partners Trading Down 0.0%

BIP traded down $0.02 during mid-day trading on Monday, hitting $32.38. The stock had a trading volume of 535,108 shares, compared to its average volume of 441,419. The stock's fifty day simple moving average is $32.90 and its 200-day simple moving average is $31.46. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.77 and a quick ratio of 0.73. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of -1,618.39 and a beta of 1.08. 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 posted its earnings results on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates of $2 billion. Brookfield Infrastructure Partners had a net margin of 1.41% and a return on equity of 1.04%. During the same period last year, the business posted $0.78 earnings per share. As a group, research analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Infrastructure Partners's dividend payout ratio is -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.