Stratos Wealth Partners LTD. Makes New $205,000 Investment in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Stratos Wealth Partners LTD. bought a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,498 shares of the utilities provider’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC grew its stake in Brookfield Infrastructure Partners by 8,107.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,067 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 1,054 shares during the period. Clear Street Markets LLC purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter worth approximately $38,000. Rational Advisors LLC purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth approximately $39,000. LWM Advisory Services LLC purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth approximately $48,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth approximately $66,000. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Down 1.6 %

Shares of Brookfield Infrastructure Partners stock opened at $24.98 on Wednesday. The company has a fifty day moving average price of $29.67 and a 200 day moving average price of $28.73. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20. Brookfield Infrastructure Partners L.P. has a twelve month low of $21.03 and a twelve month high of $37.32. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 178.44 and a beta of 0.95.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). Brookfield Infrastructure Partners had a return on equity of 0.79% and a net margin of 1.34%. The business had revenue of $4.97 billion for the quarter. Equities research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.32 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 6.49%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio is 1,157.23%.

Wall Street Analyst Weigh In

Several analysts have commented on BIP shares. BMO Capital Markets lifted their target price on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. TD Securities lowered their price objective on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Raymond James boosted their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Jefferies Financial Group began coverage on shares of Brookfield Infrastructure Partners in a research note on Tuesday, February 27th. They set a “buy” rating for the company. Finally, National Bank Financial cut shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.11.

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.