Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Bought by Allworth Financial LP

Allworth Financial LP boosted its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 53.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,861 shares of the utilities provider’s stock after purchasing an additional 2,399 shares during the quarter. Allworth Financial LP’s holdings in Brookfield Infrastructure Partners were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dunhill Financial LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth approximately $30,000. Wingate Wealth Advisors Inc. bought a new stake in Brookfield Infrastructure Partners during the fourth quarter worth approximately $32,000. Stonebridge Financial Group LLC acquired a new position in Brookfield Infrastructure Partners in the fourth quarter worth approximately $44,000. Truvestments Capital LLC bought a new position in shares of Brookfield Infrastructure Partners in the third quarter valued at $77,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Brookfield Infrastructure Partners in the third quarter valued at $101,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Trading Down 1.3 %

Shares of NYSE BIP opened at $32.99 on Friday. Brookfield Infrastructure Partners L.P. has a 1-year low of $24.84 and a 1-year high of $36.50. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The company has a 50-day moving average of $32.33 and a two-hundred day moving average of $33.18. The company has a market cap of $15.31 billion, a PE ratio of 824.96 and a beta of 1.08.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued 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, equities analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.21%. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 4,051.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BIP. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Raymond James upped their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 30th. TD Securities lifted their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Scotiabank boosted their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $42.50.

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.