Brookfield Infrastructure Partners LP $BIP Position Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,449 shares of the utilities provider’s stock after purchasing an additional 1,347 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Brookfield Infrastructure Partners were worth $765,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Focus Financial Network Inc. bought a new stake in Brookfield Infrastructure Partners during the 2nd quarter valued at $226,000. Value Partners Investments Inc. raised its stake in Brookfield Infrastructure Partners by 99.5% during the 2nd quarter. Value Partners Investments Inc. now owns 47,294 shares of the utilities provider’s stock valued at $1,581,000 after acquiring an additional 23,582 shares in the last quarter. Walnut Private Equity Partners LLC raised its stake in Brookfield Infrastructure Partners by 2.0% during the 2nd quarter. Walnut Private Equity Partners LLC now owns 102,000 shares of the utilities provider’s stock valued at $3,417,000 after acquiring an additional 2,000 shares in the last quarter. BROOKFIELD Corp ON raised its stake in Brookfield Infrastructure Partners by 3.5% during the 1st quarter. BROOKFIELD Corp ON now owns 4,686,497 shares of the utilities provider’s stock valued at $139,611,000 after acquiring an additional 158,881 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in Brookfield Infrastructure Partners by 8.5% during the 1st quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider’s stock valued at $737,000 after acquiring an additional 1,931 shares in the last quarter. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP opened at $33.39 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $15.48 billion, a price-to-earnings ratio of 667.97 and a beta of 1.16. The stock’s fifty day simple moving average is $31.09 and its 200 day simple moving average is $31.28. Brookfield Infrastructure Partners LP has a 52-week low of $25.72 and a 52-week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $1.95 billion. Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. As a group, sell-side analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Friday, August 29th. Brookfield Infrastructure Partners’s payout ratio is presently 3,440.00%.

Analyst Ratings Changes

Several analysts have weighed in on BIP shares. Jefferies Financial Group initiated coverage on Brookfield Infrastructure Partners in a research note on Friday, August 29th. They set a “buy” rating and a $35.00 target price on the stock. Royal Bank Of Canada set a $40.00 price target on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Wall Street Zen cut Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. National Bank Financial upgraded Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, National Bankshares set a $35.00 price target on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure Partners has an average rating of “Buy” and a consensus price target of $40.14.

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.