Brown Advisory Inc. Purchases 27,566 Shares of Brookfield Infrastructure Partners LP (NYSE:BIP)

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

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC acquired a new position in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $30,000. North Capital Inc. bought a new stake in shares of Brookfield Infrastructure Partners in the first quarter valued at about $35,000. Parallel Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners during the 1st quarter worth approximately $45,000. Farther Finance Advisors LLC increased its stake in Brookfield Infrastructure Partners by 565.6% in the 1st 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 during the last quarter. Finally, Capital Analysts LLC raised its holdings in Brookfield Infrastructure Partners by 85.8% during the fourth quarter. Capital Analysts LLC now owns 4,373 shares of the utilities provider's stock worth $139,000 after acquiring an additional 2,020 shares in the last quarter. Institutional investors own 57.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. Finally, Citigroup reduced their price target on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, May 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $41.67.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP stock traded down $0.49 on Friday, hitting $32.36. The company's stock had a trading volume of 390,462 shares, compared to its average volume of 440,761. Brookfield Infrastructure Partners LP has a fifty-two week low of $25.72 and a fifty-two week high of $36.50. The company has a market capitalization of $15.03 billion, a PE ratio of -1,617.19 and a beta of 1.08. The stock's 50 day moving average is $32.90 and its 200-day moving average is $31.47. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.73 and a current ratio of 0.77.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.01. Brookfield Infrastructure Partners had a net margin of 1.41% and a return on equity of 1.04%. The firm had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. Equities research analysts expect that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

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

Brookfield Infrastructure Partners 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.