JT Stratford LLC Has $2.26 Million Stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

JT Stratford LLC grew its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,204 shares of the utilities provider's stock after purchasing an additional 8,211 shares during the period. JT Stratford LLC's holdings in Brookfield Infrastructure Partners were worth $2,264,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 12.0% in the fourth quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock valued at $848,018,000 after purchasing an additional 2,866,195 shares in the last quarter. Scotia Capital Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 2.7% in the fourth quarter. Scotia Capital Inc. now owns 6,432,381 shares of the utilities provider's stock valued at $202,492,000 after purchasing an additional 171,748 shares in the last quarter. Intact Investment Management Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 52.1% in the fourth quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock valued at $55,477,000 after purchasing an additional 598,290 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 6.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,492,480 shares of the utilities provider's stock valued at $46,978,000 after purchasing an additional 94,103 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 5.0% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 829,187 shares of the utilities provider's stock valued at $26,337,000 after purchasing an additional 39,565 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup cut their price target on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. TD Securities upped their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Scotiabank upped their target price on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Raymond James upped their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $41.67.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP traded up $0.52 during trading on Tuesday, reaching $33.09. 260,346 shares of the company's stock were exchanged, compared to its average volume of 443,802. The business has a 50 day moving average price of $30.02 and a 200-day moving average price of $31.59. The stock has a market capitalization of $15.37 billion, a P/E ratio of 826.91 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $25.72 and a fifty-two week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share 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 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 in the previous year, the business earned $0.78 earnings per share. Sell-side analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently -8,600.00%.

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.