Belpointe Asset Management LLC Has $231,000 Holdings in Brookfield Infrastructure Partners LP $BIP

Belpointe Asset Management LLC reduced its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 28.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,882 shares of the utilities provider’s stock after selling 2,751 shares during the quarter. Belpointe Asset Management LLC’s holdings in Brookfield Infrastructure Partners were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BIP. GAMMA Investing LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 947.1% in the 1st quarter. GAMMA Investing LLC now owns 9,026 shares of the utilities provider’s stock worth $269,000 after acquiring an additional 8,164 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 565.6% in the 1st quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 1,906 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 1st quarter worth approximately $320,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Brookfield Infrastructure Partners by 28.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,102 shares of the utilities provider’s stock worth $629,000 after buying an additional 4,667 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new position in Brookfield Infrastructure Partners during the 1st quarter worth $487,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on BIP. National Bankshares set a $35.00 price objective on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a report on Friday, September 26th. National Bank Financial raised Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a report on Wednesday. Royal Bank Of Canada set a $40.00 price objective on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Finally, Wall Street Zen downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Saturday, September 6th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.14.

Brookfield Infrastructure Partners Stock Performance

BIP stock opened at $34.35 on Friday. The business’s fifty day moving average is $31.45 and its 200-day moving average is $31.50. 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 company has a market cap of $15.92 billion, a P/E ratio of 687.14 and a beta of 1.16. Brookfield Infrastructure Partners LP has a twelve month low of $25.72 and a twelve month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $5.43 billion for 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 quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. Equities research analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 3,440.00%.

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.