Sequoia Financial Advisors LLC Has $15.44 Million Position in Brookfield Infrastructure Partners LP (NYSE:BIP)

Sequoia Financial Advisors LLC cut its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 10.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 518,195 shares of the utilities provider's stock after selling 62,447 shares during the period. Sequoia Financial Advisors LLC owned about 0.11% of Brookfield Infrastructure Partners worth $15,437,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BIP. Promus Capital LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at about $26,000. Larson Financial Group LLC bought a new stake in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $30,000. Parallel Advisors LLC acquired a new stake in Brookfield Infrastructure Partners during the 1st quarter valued at approximately $45,000. Farther Finance Advisors LLC increased its position in Brookfield Infrastructure Partners by 565.6% during the 1st quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 1,906 shares during the period. Finally, Capital Analysts LLC raised its holdings in Brookfield Infrastructure Partners by 85.8% during the 4th quarter. Capital Analysts LLC now owns 4,373 shares of the utilities provider's stock worth $139,000 after purchasing an additional 2,020 shares during the last quarter. 57.92% of the stock is owned by institutional investors.

Brookfield Infrastructure Partners Stock Down 0.1%

Shares of Brookfield Infrastructure Partners stock traded down $0.05 during trading on Monday, reaching $33.52. 588,241 shares of the company traded hands, compared to its average volume of 443,718. The firm has a market capitalization of $15.57 billion, a PE ratio of -1,675.16 and a beta of 1.09. Brookfield Infrastructure Partners LP has a 1-year low of $25.72 and a 1-year high of $36.50. The company has a 50 day moving average price of $32.22 and a 200-day moving average price of $31.37. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.77 and a quick ratio of 0.73.

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 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $2 billion. Brookfield Infrastructure Partners had a net margin of 1.41% and a return on equity of 1.04%. During the same period in the previous year, the firm posted $0.78 earnings per share. As a group, equities research analysts expect that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently -8,600.00%.

Analysts Set New Price Targets

BIP has been the topic of a number of analyst reports. Citigroup reduced their price objective on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Royal Bank Of Canada reiterated an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $41.67.

Brookfield Infrastructure Partners 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.