SG Americas Securities LLC Takes $320,000 Position in Brookfield Infrastructure Partners LP (NYSE:BIP)

SG Americas Securities LLC bought a new position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,744 shares of the utilities provider's stock, valued at approximately $320,000.

Several other hedge funds have also added to or reduced their stakes in the company. K.J. Harrison & Partners Inc increased its position in Brookfield Infrastructure Partners by 44.8% during the fourth quarter. K.J. Harrison & Partners Inc now owns 24,245 shares of the utilities provider's stock worth $772,000 after acquiring an additional 7,500 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth approximately $1,324,000. Proficio Capital Partners LLC bought a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth approximately $5,306,000. Sage Investment Counsel LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at approximately $1,192,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Brookfield Infrastructure Partners by 250.3% in the fourth quarter. Jones Financial Companies Lllp now owns 9,049 shares of the utilities provider's stock valued at $288,000 after buying an additional 6,466 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Price Performance

Shares of BIP stock traded down $0.26 on Friday, hitting $33.60. 464,501 shares of the company's stock were exchanged, compared to its average volume of 442,706. The stock has a market cap of $15.61 billion, a P/E ratio of -1,679.26 and a beta of 1.09. 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 LP has a 12 month low of $25.72 and a 12 month high of $36.50. The company has a 50 day moving average of $32.11 and a 200 day moving average of $31.39.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. The business had revenue of $5.39 billion during the quarter, compared to analysts' expectations 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 prior year, the company earned $0.78 EPS. On average, equities research analysts predict that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.12%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently -8,600.00%.

Wall Street Analysts Forecast Growth

BIP has been the subject of several analyst reports. Citigroup dropped 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. Royal Bank Of Canada restated an "outperform" rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. Two equities research 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 company. Based on data from MarketBeat.com, 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.