Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 24.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,130 shares of the utilities provider’s stock after buying an additional 4,281 shares during the quarter. JPMorgan Chase & Co.’s holdings in Brookfield Infrastructure Partners were worth $775,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new stake in Brookfield Infrastructure Partners during the third quarter worth approximately $26,000. Dunhill Financial LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $30,000. Truvestments Capital LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $77,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at $101,000. Finally, Eastern Bank acquired a new position in Brookfield Infrastructure Partners in the third quarter valued at $158,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Raymond James raised their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. TD Securities raised their target price on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, StockNews.com lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.60.

Brookfield Infrastructure Partners Trading Down 0.7 %

NYSE BIP opened at $33.38 on Monday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. Brookfield Infrastructure Partners L.P. has a one year low of $24.84 and a one year high of $36.50. The company’s 50 day moving average price is $32.96 and its 200 day moving average price is $32.90. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of -87.84 and a beta of 1.07.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a dividend of $0.405 per share. The ex-dividend date was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.85%. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

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.