Epiq Partners LLC Acquires 12,550 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Epiq Partners LLC increased its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 13.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,187 shares of the utilities provider's stock after purchasing an additional 12,550 shares during the period. Brookfield Infrastructure Partners makes up 1.6% of Epiq Partners LLC's investment portfolio, making the stock its 20th largest holding. Epiq Partners LLC's holdings in Brookfield Infrastructure Partners were worth $3,074,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BIP. Promus Capital LLC bought a new position in Brookfield Infrastructure Partners during the 4th quarter valued at $26,000. Compass Planning Associates Inc bought a new position in Brookfield Infrastructure Partners during the 4th quarter valued at $28,000. Larson Financial Group LLC bought a new position in Brookfield Infrastructure Partners during the 4th quarter valued at $30,000. Wingate Wealth Advisors Inc. bought a new position in Brookfield Infrastructure Partners during the 4th quarter valued at $32,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at $44,000. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Price Performance

Shares of BIP traded up $0.12 during trading hours on Friday, reaching $33.51. 184,742 shares of the company's stock traded hands, compared to its average volume of 443,603. The stock has a market cap of $15.56 billion, a PE ratio of 837.98 and a beta of 1.09. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The firm's 50 day simple moving average is $30.66 and its 200-day simple moving average is $31.56. Brookfield Infrastructure Partners L.P. has a 12 month low of $25.72 and a 12 month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its quarterly earnings results 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. The firm had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $2 billion. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. During the same quarter last year, the company posted $0.78 EPS. Equities analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.43 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 5.13%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently -8,600.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BIP. Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. Citigroup decreased their target price on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, Scotiabank raised their target price on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $41.67.

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.