Invesco Ltd. Increases Holdings in Brookfield Infrastructure Partners LP $BIP

Key Points

• Invesco Ltd. increased its stake in Brookfield Infrastructure Partners LP by 4.5%, acquiring an additional 97,735 shares, bringing its total holdings to approximately 2.29 million shares valued at around $68.2 million.
• Brookfield Infrastructure Partners recently reported quarterly earnings of $0.81 EPS, slightly below analysts' expectations, with revenue of $5.43 billion, marking a year-over-year increase of 5.7%.
• The company announced a quarterly dividend of $0.43 per share, representing a 5.8% dividend yield, with the ex-dividend date set for August 29th.

Invesco Ltd. raised its position in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 4.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,289,985 shares of the utilities provider's stock after buying an additional 97,735 shares during the period. Invesco Ltd. owned about 0.49% of Brookfield Infrastructure Partners worth $68,219,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. North Capital Inc. purchased a new position in shares of Brookfield Infrastructure Partners in the 1st quarter valued at about $35,000. Parallel Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the first quarter valued at approximately $45,000. Farther Finance Advisors LLC increased its position in shares of Brookfield Infrastructure Partners by 565.6% in the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock valued at $68,000 after buying an additional 1,906 shares in the last quarter. Pandora Wealth Inc. purchased a new stake in shares of Brookfield Infrastructure Partners in the first quarter valued at approximately $80,000. Finally, Capital Analysts LLC raised its stake in shares of Brookfield Infrastructure Partners by 85.8% during 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 during the period. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE:BIP traded down $0.05 during trading on Thursday, reaching $30.11. The stock had a trading volume of 85,489 shares, compared to its average volume of 511,435. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.88. Brookfield Infrastructure Partners LP has a 1-year low of $25.72 and a 1-year high of $36.50. The stock has a market cap of $13.96 billion, a PE ratio of 602.22 and a beta of 1.09. The business has a fifty day moving average price of $32.09 and a 200-day moving average price of $31.29.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The firm had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same quarter in the previous year, the business posted $0.77 EPS. The company's revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Infrastructure Partners's dividend payout ratio is currently 3,440.00%.

Wall Street Analysts Forecast Growth

BIP has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. 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 report on Thursday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Brookfield Infrastructure Partners has an average rating of "Buy" and a consensus price target 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.