GAMMA Investing LLC Acquires 8,164 Shares of Brookfield Infrastructure Partners LP (NYSE:BIP)

GAMMA Investing LLC boosted its position in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 947.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,026 shares of the utilities provider's stock after acquiring an additional 8,164 shares during the period. GAMMA Investing LLC's holdings in Brookfield Infrastructure Partners were worth $269,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BIP. Raymond James Financial Inc. purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth $22,033,000. Guardian Capital LP bought a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at $21,099,000. Mackenzie Financial Corp raised its stake in shares of Brookfield Infrastructure Partners by 8.0% during the 4th quarter. Mackenzie Financial Corp now owns 8,784,509 shares of the utilities provider's stock valued at $278,858,000 after purchasing an additional 650,892 shares during the period. Intact Investment Management Inc. lifted its holdings in Brookfield Infrastructure Partners by 52.1% during the 4th quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock worth $55,477,000 after purchasing an additional 598,290 shares in the last quarter. Finally, Mufg Securities Canada LTD. boosted its stake in Brookfield Infrastructure Partners by 72.1% in the 4th quarter. Mufg Securities Canada LTD. now owns 704,968 shares of the utilities provider's stock worth $22,388,000 after purchasing an additional 295,232 shares during the period. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Price Performance

Shares of BIP stock traded down $0.09 during trading on Wednesday, hitting $33.06. The company had a trading volume of 395,302 shares, compared to its average volume of 441,737. The stock's 50-day moving average is $31.88 and its two-hundred day moving average is $31.40. The stock has a market capitalization of $15.35 billion, a price-to-earnings ratio of -1,652.17 and a beta of 1.09. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.64. Brookfield Infrastructure Partners LP has a 52 week low of $25.72 and a 52 week 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 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. The firm had revenue of $5.39 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm earned $0.78 EPS. As a group, analysts predict that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 5.20%. Brookfield Infrastructure Partners's dividend payout ratio is presently -8,600.00%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BIP. Royal Bank Of Canada reiterated an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. Citigroup decreased their target price 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 equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $41.67.

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.