CCLA Investment Management Acquires 1,453,772 Shares of Brookfield Infrastructure Partners LP (NYSE:BIP)

Key Points

• CCLA Investment Management increased its holdings in Brookfield Infrastructure Partners LP by 33.5% during the 1st quarter, owning a total of 5,795,677 shares worth approximately $172.54 million.
• Brookfield Infrastructure Partners reported $0.81 earnings per share for the latest quarter, missing consensus estimates slightly, but achieved a year-over-year revenue increase of 5.7%.
• The company announced a quarterly dividend of $0.43, resulting in an annualized dividend yield of 5.5%, with stockholders of record on August 29 set to receive the payment.

CCLA Investment Management lifted its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 33.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,795,677 shares of the utilities provider's stock after purchasing an additional 1,453,772 shares during the quarter. Brookfield Infrastructure Partners comprises 3.1% of CCLA Investment Management's investment portfolio, making the stock its 3rd biggest holding. CCLA Investment Management owned approximately 1.25% of Brookfield Infrastructure Partners worth $172,537,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. North Capital Inc. purchased a new position in Brookfield Infrastructure Partners in the first quarter worth about $35,000. Parallel Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners in the first quarter worth $45,000. Farther Finance Advisors LLC grew its position in shares of Brookfield Infrastructure Partners by 565.6% during the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 1,906 shares in the last quarter. Capital Analysts LLC boosted its position in shares of Brookfield Infrastructure Partners by 85.8% during the 4th quarter. Capital Analysts LLC now owns 4,373 shares of the utilities provider's stock valued at $139,000 after acquiring an additional 2,020 shares during the last quarter. Finally, MGO One Seven LLC grew its stake in shares of Brookfield Infrastructure Partners by 5.5% in the 4th quarter. MGO One Seven LLC now owns 7,105 shares of the utilities provider's stock worth $226,000 after buying an additional 372 shares in the last quarter. Institutional investors own 57.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BIP. Wall Street Zen raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Citigroup dropped their price objective on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of "Moderate Buy" and an average price target of $41.67.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP traded down $0.20 during mid-day trading on Thursday, reaching $30.71. The company had a trading volume of 123,582 shares, compared to its average volume of 510,234. Brookfield Infrastructure Partners LP has a 52-week low of $25.72 and a 52-week high of $36.50. The company has a quick ratio of 0.73, a current ratio of 0.11 and a debt-to-equity ratio of 1.64. The stock has a 50 day moving average of $32.74 and a two-hundred day moving average of $31.47. The stock has a market capitalization of $14.26 billion, a P/E ratio of 613.06 and a beta of 1.09.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The firm's revenue was up 5.7% on a year-over-year basis. On average, analysts expect that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given 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 currently 3,440.00%.

About Brookfield Infrastructure Partners

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.