Prevail Innovative Wealth Advisors LLC Purchases Shares of 21,440 Brookfield Infrastructure Partners LP (NYSE:BIP)

Prevail Innovative Wealth Advisors LLC bought a new stake in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,440 shares of the utilities provider's stock, valued at approximately $639,000.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 27,621,080 shares of the utilities provider's stock valued at $822,832,000 after purchasing an additional 945,462 shares in the last quarter. Mackenzie Financial Corp increased its stake in Brookfield Infrastructure Partners by 8.0% during the 4th quarter. Mackenzie Financial Corp now owns 8,784,509 shares of the utilities provider's stock worth $278,858,000 after purchasing an additional 650,892 shares in the last quarter. Scotia Capital Inc. increased its stake in Brookfield Infrastructure Partners by 2.7% during the 4th quarter. Scotia Capital Inc. now owns 6,432,381 shares of the utilities provider's stock worth $202,492,000 after purchasing an additional 171,748 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in Brookfield Infrastructure Partners by 6.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,492,480 shares of the utilities provider's stock worth $46,978,000 after purchasing an additional 94,103 shares in the last quarter. Finally, Mufg Securities Canada LTD. increased its stake in Brookfield Infrastructure Partners by 72.1% during the 4th quarter. Mufg Securities Canada LTD. now owns 704,968 shares of the utilities provider's stock worth $22,388,000 after purchasing an additional 295,232 shares in the last quarter. Institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Down 0.3%

BIP traded down $0.10 on Friday, hitting $32.32. 501,129 shares of the company were exchanged, compared to its average volume of 439,720. Brookfield Infrastructure Partners LP has a 12 month low of $25.72 and a 12 month high of $36.50. The company has a market cap of $15.01 billion, a PE ratio of -1,615.19 and a beta of 1.08. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.73 and a current ratio of 0.77. The stock's fifty day moving average is $32.99 and its 200-day moving average is $31.49.

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, topping analysts' consensus estimates of $0.81 by $0.01. Brookfield Infrastructure Partners had a return on equity of 1.04% and a net margin of 1.41%. The business had revenue of $5.39 billion during the quarter, compared to analysts' expectations of $2 billion. During the same quarter last year, the company posted $0.78 earnings per share. Equities research analysts predict that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors 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 yield of 5.32%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Infrastructure Partners's payout ratio is currently -8,600.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Royal Bank Of Canada reiterated an "outperform" rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Finally, Citigroup decreased their price objective on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price 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.