Northside Capital Management LLC Makes New $2.64 Million Investment in Brookfield Infrastructure Partners LP $BIP

Key Points

• Northside Capital Management LLC has acquired 78,723 shares of Brookfield Infrastructure Partners LP, amounting to a new investment of approximately $2.64 million.
• Brookfield Infrastructure Partners is facing a mixed outlook from analysts, with ratings ranging from “Buy” to “Sell”, and a consensus rating of “Buy” and an average target price of $41.00.
• The company recently announced a quarterly dividend of $0.43 per share, representing a yield of 5.5% annually, contributing to a notable high dividend payout ratio.

Northside Capital Management LLC acquired a new position in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 78,723 shares of the utilities provider's stock, valued at approximately $2,637,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. boosted its position in Brookfield Infrastructure Partners by 3.5% in the first quarter. Principal Financial Group Inc. now owns 27,621,080 shares of the utilities provider's stock worth $822,832,000 after purchasing an additional 945,462 shares during the last quarter. Scotia Capital Inc. boosted its position in Brookfield Infrastructure Partners by 4.3% in the first quarter. Scotia Capital Inc. now owns 6,709,573 shares of the utilities provider's stock worth $197,811,000 after purchasing an additional 277,192 shares during the last quarter. CCLA Investment Management boosted its position in Brookfield Infrastructure Partners by 33.5% in the first quarter. CCLA Investment Management now owns 5,795,677 shares of the utilities provider's stock worth $172,537,000 after purchasing an additional 1,453,772 shares during the last quarter. BROOKFIELD Corp ON boosted its position in Brookfield Infrastructure Partners by 3.5% in the first quarter. BROOKFIELD Corp ON now owns 4,686,497 shares of the utilities provider's stock worth $139,611,000 after purchasing an additional 158,881 shares during the last quarter. Finally, AGF Management Ltd. boosted its position in Brookfield Infrastructure Partners by 18.6% in the first quarter. AGF Management Ltd. now owns 2,722,101 shares of the utilities provider's stock worth $80,980,000 after purchasing an additional 426,248 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company's stock.

Analyst Ratings Changes

BIP has been the topic of several research analyst reports. Wall Street Zen cut Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Saturday, September 6th. Jefferies Financial Group started coverage on Brookfield Infrastructure Partners in a research report on Friday, August 29th. They issued a "buy" rating and a $35.00 price objective on the stock. Finally, Royal Bank Of Canada set a $40.00 target price on Brookfield Infrastructure Partners and gave the company an "outperform" rating in a research note on Wednesday, August 27th. One equities research 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 stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners currently has a consensus rating of "Buy" and an average target price of $41.00.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $31.48 on Wednesday. The firm has a market cap of $14.59 billion, a PE ratio of 629.63 and a beta of 1.10. The stock's fifty day moving average price is $31.05 and its two-hundred day moving average price is $31.08. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.88 and a quick ratio of 0.85. Brookfield Infrastructure Partners LP has a 1 year low of $25.72 and a 1 year high of $36.50.

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

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.72 dividend on an annualized basis and a yield of 5.5%. Brookfield Infrastructure Partners's dividend payout ratio is 3,440.00%.

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.

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