Creekmur Asset Management LLC Has $653,000 Stock Position in Brookfield Infrastructure Partners LP (NYSE:BIP)

Creekmur Asset Management LLC raised its position in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 819.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,927 shares of the utilities provider's stock after buying an additional 19,542 shares during the quarter. Creekmur Asset Management LLC's holdings in Brookfield Infrastructure Partners were worth $653,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BIP. North Capital Inc. acquired a new position in shares of Brookfield Infrastructure Partners during the 1st quarter worth $35,000. Parallel Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter worth about $45,000. Farther Finance Advisors LLC boosted its position in shares of 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 worth $68,000 after buying an additional 1,906 shares in the last quarter. Capital Analysts LLC boosted its position in shares of Brookfield Infrastructure Partners by 85.8% in the 4th quarter. Capital Analysts LLC now owns 4,373 shares of the utilities provider's stock worth $139,000 after buying an additional 2,020 shares in the last quarter. Finally, MGO One Seven LLC boosted its position 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. 57.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on BIP. Citigroup decreased 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 report on Thursday, May 1st. Wall Street Zen upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Two investment 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's stock. According to MarketBeat, Brookfield Infrastructure Partners has a consensus rating of "Buy" and a consensus target price of $41.67.

Brookfield Infrastructure Partners Trading Down 0.3%

BIP traded down $0.10 on Friday, reaching $32.32. 501,129 shares of the company's stock were exchanged, compared to its average volume of 439,720. The company's 50 day moving average is $32.99 and its 200-day moving average is $31.49. The company has a market cap of $15.01 billion, a price-to-earnings ratio of -1,615.19 and a beta of 1.08. Brookfield Infrastructure Partners LP has a twelve month low of $25.72 and a twelve month high of $36.50. 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 issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $2 billion. Brookfield Infrastructure Partners had a net margin of 1.41% and a return on equity of 1.04%. During the same quarter last year, the company earned $0.78 earnings per share. Equities analysts predict 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 was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date was Friday, May 30th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) 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.