Chicago Partners Investment Group LLC Has $16.80 Million Holdings in Brookfield Infrastructure Partners LP (NYSE:BIP)

Key Points

• Chicago Partners Investment Group LLC has decreased its stake in Brookfield Infrastructure Partners by 2.1%, owning approximately $16.80 million in shares as of its latest SEC filing.
• Several hedge funds have modified their positions, with CCLA Investment Management increasing its holdings by 33.5% and Principal Financial Group increasing its position by 3.5% during the same quarter.
• Brookfield Infrastructure reported a quarterly earnings miss with $0.81 earnings per share, slightly below the expected $0.82, while revenue rose 5.7% year-over-year to $5.43 billion.

Chicago Partners Investment Group LLC decreased its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 530,853 shares of the utilities provider's stock after selling 11,610 shares during the quarter. Chicago Partners Investment Group LLC owned about 0.11% of Brookfield Infrastructure Partners worth $16,796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. CCLA Investment Management raised its holdings in shares of Brookfield Infrastructure Partners by 33.5% during the first quarter. CCLA Investment Management now owns 5,795,677 shares of the utilities provider's stock valued at $172,537,000 after purchasing an additional 1,453,772 shares during the period. Principal Financial Group Inc. increased its position in Brookfield Infrastructure Partners by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 27,621,080 shares of the utilities provider's stock valued at $822,832,000 after buying an additional 945,462 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Brookfield Infrastructure Partners during the 4th quarter worth approximately $22,033,000. Guardian Capital LP bought a new position in Brookfield Infrastructure Partners in the fourth quarter worth approximately $21,099,000. Finally, Mackenzie Financial Corp grew its stake in Brookfield Infrastructure Partners by 8.0% in the fourth quarter. Mackenzie Financial Corp now owns 8,784,509 shares of the utilities provider's stock valued at $278,858,000 after acquiring an additional 650,892 shares during the period. Institutional investors own 57.92% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BIP shares. Wall Street Zen raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Citigroup lowered 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 report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.67.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE:BIP opened at $30.95 on Thursday. The company has a current ratio of 0.11, a quick ratio of 0.73 and a debt-to-equity ratio of 1.64. The stock has a market cap of $14.37 billion, a PE ratio of 619.02 and a beta of 1.09. The stock's fifty day simple moving average is $32.74 and its two-hundred day simple moving average is $31.47. 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 released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share 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 firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the business earned $0.77 earnings per share. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. As a group, analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend 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%.

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.

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