TCG Advisory Services LLC Invests $2.75 Million in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

TCG Advisory Services LLC acquired a new stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,188 shares of the utilities provider's stock, valued at approximately $2,746,000.

Other large investors have also bought and sold shares of the company. Triasima Portfolio Management inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth $12,322,000. Stratos Wealth Partners LTD. bought a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth approximately $205,000. Dixon Mitchell Investment Counsel Inc. grew its position in shares of Brookfield Infrastructure Partners by 71.2% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 765,686 shares of the utilities provider's stock worth $24,266,000 after buying an additional 318,398 shares during the period. Nexus Investment Management ULC raised its holdings in Brookfield Infrastructure Partners by 8.2% during the fourth quarter. Nexus Investment Management ULC now owns 1,119,440 shares of the utilities provider's stock worth $35,393,000 after buying an additional 84,749 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Brookfield Infrastructure Partners by 1.1% during the third quarter. CIBC Asset Management Inc now owns 5,569,701 shares of the utilities provider's stock valued at $163,953,000 after buying an additional 60,510 shares during the last quarter. 57.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BIP. TD Securities dropped their price target on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a "buy" rating on the stock in a research report on Friday, February 2nd. BMO Capital Markets cut their target price on Brookfield Infrastructure Partners from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Thursday. National Bank Financial lowered Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, January 30th. Jefferies Financial Group cut their price objective on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, April 17th. Finally, StockNews.com downgraded shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $38.20.

Brookfield Infrastructure Partners Stock Up 3.0 %

NYSE BIP traded up $0.84 during trading hours on Friday, reaching $29.28. 472,990 shares of the company were exchanged, compared to its average volume of 541,856. The stock has a market capitalization of $13.51 billion, a P/E ratio of 94.45 and a beta of 0.99. Brookfield Infrastructure Partners L.P. has a 1 year low of $21.03 and a 1 year high of $37.32. The business's 50 day simple moving average is $28.56 and its 200-day simple moving average is $28.70.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.99). The company had revenue of $4.97 billion for the quarter. Brookfield Infrastructure Partners had a net margin of 2.05% and a return on equity of 1.23%. As a group, sell-side analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.29 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 5.53%. The ex-dividend date is Friday, May 31st. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 522.58%.

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.