Meketa Capital LLC Makes New Investment in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Meketa Capital LLC bought a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,747 shares of the utilities provider's stock, valued at approximately $1,423,000. Brookfield Infrastructure Partners makes up 3.2% of Meketa Capital LLC's holdings, making the stock its 12th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of BIP. Principal Financial Group Inc. increased its position in shares of Brookfield Infrastructure Partners by 12.0% during the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock valued at $848,018,000 after purchasing an additional 2,866,195 shares during the last quarter. Scotia Capital Inc. increased its position in Brookfield Infrastructure Partners by 2.7% during the fourth quarter. Scotia Capital Inc. now owns 6,432,381 shares of the utilities provider's stock valued at $202,492,000 after acquiring an additional 171,748 shares during the last quarter. Intact Investment Management Inc. raised its stake in shares of Brookfield Infrastructure Partners by 52.1% in the fourth quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock valued at $55,477,000 after acquiring an additional 598,290 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of Brookfield Infrastructure Partners by 6.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,492,480 shares of the utilities provider's stock valued at $46,978,000 after acquiring an additional 94,103 shares during the period. Finally, Montrusco Bolton Investments Inc. raised its position in Brookfield Infrastructure Partners by 5.0% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 829,187 shares of the utilities provider's stock worth $26,337,000 after purchasing an additional 39,565 shares during the period. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $31.96 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The firm has a market cap of $14.84 billion, a PE ratio of 799.20 and a beta of 1.07. Brookfield Infrastructure Partners L.P. has a 12 month low of $25.72 and a 12 month high of $36.50. The stock has a fifty day moving average price of $29.21 and a 200-day moving average price of $31.73.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.01. The company had revenue of $5.39 billion during the quarter, compared to analysts' expectations of $2 billion. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. During the same period last year, the business posted $0.78 earnings per share. Equities research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently -8,600.00%.

Analysts Set New Price Targets

BIP has been the subject of a number of research analyst reports. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. Royal Bank of Canada reissued an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. Scotiabank lifted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Citigroup dropped 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. Finally, TD Securities boosted their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Two 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's stock. According to data from MarketBeat, Brookfield Infrastructure Partners presently has an average rating of "Buy" and a consensus target price of $41.67.

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.

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