Anchor Investment Management LLC Lowers Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Anchor Investment Management LLC cut its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 16.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,025 shares of the utilities provider’s stock after selling 1,000 shares during the period. Anchor Investment Management LLC’s holdings in Brookfield Infrastructure Partners were worth $138,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BIP. NBC Securities Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 1.0% in the second quarter. NBC Securities Inc. now owns 40,471 shares of the utilities provider’s stock valued at $1,110,000 after purchasing an additional 381 shares in the last quarter. Sterling Investment Counsel LLC grew its stake in shares of Brookfield Infrastructure Partners by 5.0% in the first quarter. Sterling Investment Counsel LLC now owns 9,306 shares of the utilities provider’s stock worth $290,000 after acquiring an additional 442 shares in the last quarter. Callahan Advisors LLC increased its position in shares of Brookfield Infrastructure Partners by 2.1% during the second quarter. Callahan Advisors LLC now owns 22,129 shares of the utilities provider’s stock worth $607,000 after acquiring an additional 450 shares during the period. Belpointe Asset Management LLC raised its stake in shares of Brookfield Infrastructure Partners by 4.7% in the fourth quarter. Belpointe Asset Management LLC now owns 12,011 shares of the utilities provider’s stock valued at $378,000 after acquiring an additional 536 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its holdings in Brookfield Infrastructure Partners by 6.0% in the second quarter. Financial Advocates Investment Management now owns 10,389 shares of the utilities provider’s stock valued at $285,000 after purchasing an additional 590 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BIP shares. Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. Jefferies Financial Group upped their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.50.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $34.65 on Friday. The firm has a market capitalization of $16.07 billion, a PE ratio of 111.77 and a beta of 1.06. The business’s fifty day moving average price is $32.24 and its 200 day moving average price is $30.07. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.81 and a quick ratio of 0.76. Brookfield Infrastructure Partners L.P. has a 12 month low of $21.03 and a 12 month high of $35.48.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, August 1st. The utilities provider reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.70 by ($0.80). The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. On average, sell-side analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.15 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 4.68%. The ex-dividend date was Friday, August 30th. Brookfield Infrastructure Partners’s payout ratio is 522.58%.

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.