Commonwealth Equity Services LLC Grows Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Commonwealth Equity Services LLC increased its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP – Get Rating) (TSE:BIP.UN) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,240 shares of the utilities provider’s stock after purchasing an additional 1,145 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Brookfield Infrastructure Partners were worth $2,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Lido Advisors LLC grew its stake in shares of Brookfield Infrastructure Partners by 8.9% in the first quarter. Lido Advisors LLC now owns 3,925 shares of the utilities provider’s stock worth $259,000 after purchasing an additional 320 shares during the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Brookfield Infrastructure Partners by 23.5% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,864 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 355 shares during the last quarter. Beacon Financial Advisory LLC grew its stake in shares of Brookfield Infrastructure Partners by 1.1% in the third quarter. Beacon Financial Advisory LLC now owns 36,658 shares of the utilities provider’s stock worth $1,316,000 after purchasing an additional 395 shares during the last quarter. Laurel Wealth Advisors LLC boosted its position in Brookfield Infrastructure Partners by 50.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,200 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 400 shares in the last quarter. Finally, Toroso Investments LLC boosted its position in Brookfield Infrastructure Partners by 2.7% during the 1st quarter. Toroso Investments LLC now owns 15,264 shares of the utilities provider’s stock valued at $1,011,000 after acquiring an additional 405 shares in the last quarter. 57.81% of the stock is owned by institutional investors.

Brookfield Infrastructure Partners Stock Performance

BIP opened at $32.08 on Friday. The company’s 50 day moving average is $34.09 and its 200 day moving average is $35.79. The company has a current ratio of 0.56, a quick ratio of 0.05 and a debt-to-equity ratio of 1.08. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 234.74 and a beta of 0.88. Brookfield Infrastructure Partners L.P. has a 12-month low of $30.03 and a 12-month high of $46.01.

Brookfield Infrastructure Partners (NYSE:BIP – Get Rating) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, February 2nd. The utilities provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.74). Brookfield Infrastructure Partners had a return on equity of 1.20% and a net margin of 2.09%. The business had revenue of $3.71 billion during the quarter. On average, equities research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.01 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Tuesday, February 28th will be issued a dividend of $0.382 per share. This represents a $1.53 annualized dividend and a yield of 4.76%. The ex-dividend date is Monday, February 27th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.36. Brookfield Infrastructure Partners’s payout ratio is currently 1,119.57%.

Analyst Upgrades and Downgrades

Separately, Raymond James cut their price objective on Brookfield Infrastructure Partners from $47.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, January 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $45.21.

Brookfield Infrastructure Partners Company Profile

(Get Rating)

Brookfield Infrastructure Partners LP is an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Midstream, Data, and Corporate.