Gold Investment Management Ltd. Has $4.70 Million Stock Position in Brookfield Infrastructure Partners LP (NYSE:BIP)

Gold Investment Management Ltd. lifted its stake in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 9.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,793 shares of the utilities provider's stock after purchasing an additional 14,020 shares during the quarter. Brookfield Infrastructure Partners accounts for 2.0% of Gold Investment Management Ltd.'s portfolio, making the stock its 12th largest position. Gold Investment Management Ltd.'s holdings in Brookfield Infrastructure Partners were worth $4,696,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Promus Capital LLC acquired a new position in Brookfield Infrastructure Partners in the 4th quarter worth about $26,000. Larson Financial Group LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at approximately $30,000. Parallel Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the first quarter worth approximately $45,000. Farther Finance Advisors LLC raised its position in Brookfield Infrastructure Partners by 565.6% during the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock valued at $68,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Capital Analysts LLC raised its position in Brookfield Infrastructure Partners by 85.8% during the fourth quarter. Capital Analysts LLC now owns 4,373 shares of the utilities provider's stock valued at $139,000 after acquiring an additional 2,020 shares in the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BIP has been the subject of several recent research reports. Citigroup decreased their target price on shares of 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. Royal Bank Of Canada reiterated an "outperform" rating and issued a $40.00 price objective 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 given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $41.67.

Brookfield Infrastructure Partners Stock Performance

BIP stock traded down $0.26 during midday trading on Friday, hitting $33.60. 464,501 shares of the company traded hands, compared to its average volume of 442,707. Brookfield Infrastructure Partners LP has a twelve month low of $25.72 and a twelve month high of $36.50. The stock has a market capitalization of $15.61 billion, a price-to-earnings ratio of -1,679.26 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. The business has a 50 day simple moving average of $32.11 and a 200-day simple moving average of $31.39.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. Brookfield Infrastructure Partners had a net margin of 1.41% and a return on equity of 1.04%. The business had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the firm earned $0.78 EPS. As a group, equities research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is -8,600.00%.

About Brookfield Infrastructure Partners

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.