Lincluden Management Ltd. decreased its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 590,283 shares of the utilities provider's stock after selling 9,456 shares during the period. Brookfield Infrastructure Partners comprises 2.2% of Lincluden Management Ltd.'s portfolio, making the stock its 14th biggest holding. Lincluden Management Ltd. owned about 0.13% of Brookfield Infrastructure Partners worth $17,561,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. North Capital Inc. bought a new position in Brookfield Infrastructure Partners in the 1st quarter worth approximately $35,000. Parallel Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 1st quarter valued at $45,000. Farther Finance Advisors LLC grew its holdings in shares of Brookfield Infrastructure Partners by 565.6% in the 1st 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 during the period. Capital Analysts LLC grew its holdings in shares of Brookfield Infrastructure Partners by 85.8% in the 4th quarter. Capital Analysts LLC now owns 4,373 shares of the utilities provider's stock valued at $139,000 after buying an additional 2,020 shares during the period. Finally, MGO One Seven LLC lifted its position in Brookfield Infrastructure Partners by 5.5% in the 4th quarter. MGO One Seven LLC now owns 7,105 shares of the utilities provider's stock valued at $226,000 after acquiring an additional 372 shares in the last quarter. Institutional investors own 57.92% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on BIP. Wall Street Zen cut shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a report on Sunday, July 20th. Citigroup reduced their price target on shares of 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.67.
View Our Latest Stock Report on BIP
Brookfield Infrastructure Partners Trading Down 1.1%
Shares of Brookfield Infrastructure Partners stock traded down $0.36 during trading on Friday, reaching $31.95. The company's stock had a trading volume of 318,014 shares, compared to its average volume of 398,545. Brookfield Infrastructure Partners LP has a 52-week low of $25.72 and a 52-week high of $36.50. The company has a market cap of $14.84 billion, a price-to-earnings ratio of -1,596.60 and a beta of 1.08. The firm's 50-day moving average is $32.98 and its two-hundred day moving average is $31.49. 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 (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $5.39 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the business posted $0.78 EPS. On average, sell-side analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.
Brookfield Infrastructure Partners Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date was Friday, May 30th. Brookfield Infrastructure Partners's payout ratio is presently -8,600.00%.
Brookfield Infrastructure Partners Company Profile
(
Free Report)
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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