Janney Montgomery Scott LLC Raises Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Janney Montgomery Scott LLC increased its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,365 shares of the utilities provider’s stock after buying an additional 7,318 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Brookfield Infrastructure Partners were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth about $26,000. Dunhill Financial LLC purchased a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth approximately $30,000. Truvestments Capital LLC acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter valued at approximately $77,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Brookfield Infrastructure Partners in the third quarter worth $101,000. Finally, Eastern Bank acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $158,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BIP. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. TD Securities upped their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Raymond James increased their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. One equities research analyst has 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 MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $42.80.

Brookfield Infrastructure Partners Stock Up 0.5 %

Shares of BIP stock opened at $33.25 on Friday. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50. The stock has a market cap of $15.43 billion, a P/E ratio of 831.46 and a beta of 1.08. The stock has a 50 day moving average of $32.59 and a 200 day moving average of $33.00. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. As a group, sell-side analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.17%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 4,051.01%.

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.