SG Americas Securities LLC Makes New $320,000 Investment in Brookfield Infrastructure Partners LP (NYSE:BIP)

SG Americas Securities LLC bought a new stake in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,744 shares of the utilities provider's stock, valued at approximately $320,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Brookfield Infrastructure Partners by 947.1% in the 1st quarter. GAMMA Investing LLC now owns 9,026 shares of the utilities provider's stock valued at $269,000 after purchasing an additional 8,164 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Brookfield Infrastructure Partners by 565.6% in 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. Northern Trust Corp raised its stake in Brookfield Infrastructure Partners by 15.0% during the fourth quarter. Northern Trust Corp now owns 374,347 shares of the utilities provider's stock valued at $11,900,000 after buying an additional 48,787 shares during the last quarter. Geode Capital Management LLC raised its stake in Brookfield Infrastructure Partners by 39.5% during the fourth quarter. Geode Capital Management LLC now owns 19,064 shares of the utilities provider's stock valued at $606,000 after buying an additional 5,398 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Brookfield Infrastructure Partners during the fourth quarter valued at $5,306,000. Hedge funds and other institutional investors own 57.92% of the company's stock.

Analyst Upgrades and Downgrades

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

Brookfield Infrastructure Partners Stock Down 0.8%

Shares of Brookfield Infrastructure Partners stock traded down $0.26 on Friday, reaching $33.60. The company's stock had a trading volume of 464,501 shares, compared to its average volume of 443,137. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of -1,679.26 and a beta of 1.09. The firm's fifty day simple moving average is $32.11 and its two-hundred day simple moving average is $31.36. Brookfield Infrastructure Partners LP has a 52 week low of $25.72 and a 52 week high of $36.50. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.64.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its 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. The business had revenue of $5.39 billion during the quarter, compared to analyst estimates of $2 billion. Brookfield Infrastructure Partners had a return on equity of 1.04% and a net margin of 1.41%. During the same quarter last year, the company earned $0.78 EPS. Equities analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure Partners's payout ratio is -8,600.00%.

About Brookfield Infrastructure Partners

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.