Rathbones Group PLC Has $2.74 Million Stock Holdings in Brookfield Infrastructure Partners LP $BIP

Key Points

• Rathbones Group PLC boosted its stake in Brookfield Infrastructure Partners by 230.4% in Q3, holding 83,236 shares valued at about $2.74 million.
• Brookfield raised its quarterly dividend to $0.455 (annualized $1.82) for a 4.9% yield202.22%, signalling potential sustainability concerns.
• The firm reported an EPS miss (<$0.45> vs. $0.87 consensus) despite revenue of $6.30 billion, and analysts hold a consensus of "Moderate Buy" with an average price target of $42.13.

Rathbones Group PLC raised its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 230.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,236 shares of the utilities provider's stock after buying an additional 58,044 shares during the period. Rathbones Group PLC's holdings in Brookfield Infrastructure Partners were worth $2,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider's stock worth $53,696,000 after acquiring an additional 195,276 shares during the last quarter. Focus Partners Wealth boosted its stake in Brookfield Infrastructure Partners by 8.5% during the 1st quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider's stock valued at $737,000 after purchasing an additional 1,931 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Brookfield Infrastructure Partners by 34.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,227,764 shares of the utilities provider's stock valued at $41,158,000 after purchasing an additional 312,751 shares during the last quarter. ProShare Advisors LLC increased its holdings in Brookfield Infrastructure Partners by 10.3% during the 2nd quarter. ProShare Advisors LLC now owns 24,967 shares of the utilities provider's stock worth $836,000 after purchasing an additional 2,328 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Brookfield Infrastructure Partners by 36.1% during the 2nd quarter. Allworth Financial LP now owns 7,503 shares of the utilities provider's stock worth $251,000 after purchasing an additional 1,992 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $36.82 on Tuesday. Brookfield Infrastructure Partners LP has a twelve month low of $25.72 and a twelve month high of $40.32. The stock's 50 day moving average price is $36.64 and its 200-day moving average price is $34.77. The company has a market capitalization of $16.98 billion, a PE ratio of 40.91 and a beta of 1.10. The company has a quick ratio of 0.81, a current ratio of 0.08 and a debt-to-equity ratio of 1.68.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its earnings results on Thursday, January 29th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.42). The business had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $1.98 billion. Brookfield Infrastructure Partners had a net margin of 4.40% and a return on equity of 3.22%. The business's revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 earnings per share. On average, equities analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.82 annualized dividend and a dividend yield of 4.9%. This is a boost from Brookfield Infrastructure Partners's previous quarterly dividend of $0.43. Brookfield Infrastructure Partners's payout ratio is 202.22%.

Analyst Upgrades and Downgrades

BIP has been the topic of a number of recent research reports. National Bank Financial raised their target price on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, December 17th. Royal Bank Of Canada upped their price target on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, January 30th. TD Cowen reissued a "buy" rating on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. TD Securities restated a "buy" rating and set a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.13.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. NYSE: BIP is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company's utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.

Want to see what other hedge funds are holding BIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.