Mercer Global Advisors Inc. ADV Buys New Shares in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Mercer Global Advisors Inc. ADV bought a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,584 shares of the utilities provider's stock, valued at approximately $591,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Promus Capital LLC purchased a new position in Brookfield Infrastructure Partners during the 4th quarter valued at $26,000. Compass Planning Associates Inc purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter valued at $28,000. Larson Financial Group LLC bought a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth about $30,000. Wingate Wealth Advisors Inc. purchased a new position in Brookfield Infrastructure Partners in the 4th quarter worth about $32,000. Finally, Stonebridge Financial Group LLC purchased a new position in Brookfield Infrastructure Partners in the 4th quarter worth about $44,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BIP has been the topic of a number of research analyst reports. Citigroup dropped their target price 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. TD Securities raised their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Raymond James lifted their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a report on Thursday, January 30th. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. Finally, Scotiabank lifted their price target on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $41.67.

Brookfield Infrastructure Partners Stock Up 1.2%

BIP traded up $0.40 during trading on Friday, hitting $32.89. The stock had a trading volume of 333,150 shares, compared to its average volume of 445,307. The company has a market capitalization of $15.27 billion, a PE ratio of 822.36 and a beta of 1.07. Brookfield Infrastructure Partners L.P. has a twelve month low of $25.72 and a twelve month high of $36.50. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. The stock has a 50 day simple moving average of $29.44 and a two-hundred day simple moving average of $31.71.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its earnings results on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates 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 in the prior year, the company posted $0.78 EPS. On average, research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure Partners's payout ratio is currently -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.