GAMMA Investing LLC Increases Stock Holdings in Brookfield Infrastructure Partners LP (NYSE:BIP)

GAMMA Investing LLC boosted its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 947.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,026 shares of the utilities provider's stock after buying 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BIP. Allworth Financial LP lifted its stake in shares of Brookfield Infrastructure Partners by 53.8% during the fourth quarter. Allworth Financial LP now owns 6,861 shares of the utilities provider's stock worth $222,000 after buying an additional 2,399 shares during the period. Northern Trust Corp raised its stake in Brookfield Infrastructure Partners by 15.0% in the 4th quarter. Northern Trust Corp now owns 374,347 shares of the utilities provider's stock worth $11,900,000 after acquiring an additional 48,787 shares during the last quarter. Geode Capital Management LLC raised its stake in Brookfield Infrastructure Partners by 39.5% in the 4th quarter. Geode Capital Management LLC now owns 19,064 shares of the utilities provider's stock worth $606,000 after acquiring an additional 5,398 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter worth about $5,306,000. Finally, Jones Financial Companies Lllp grew its stake in Brookfield Infrastructure Partners by 250.3% during the 4th quarter. Jones Financial Companies Lllp now owns 9,049 shares of the utilities provider's stock valued at $288,000 after purchasing an additional 6,466 shares during the last quarter. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Down 0.1%

Brookfield Infrastructure Partners stock opened at $32.53 on Friday. The business's 50-day moving average price is $31.62 and its 200 day moving average price is $31.41. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.64. The firm has a market cap of $15.11 billion, a price-to-earnings ratio of -1,625.54 and a beta of 1.09. 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 posted its earnings results 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 firm had revenue of $5.39 billion during the quarter, compared to analysts' expectations of $2 billion. Brookfield Infrastructure Partners had a net margin of 1.41% and a return on equity of 1.04%. During the same period in the previous year, the business posted $0.78 EPS. As a group, sell-side analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given 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 dividend yield of 5.29%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently -8,600.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BIP shares. Citigroup dropped their target price on 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. Royal Bank Of Canada restated an "outperform" rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target 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.

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