Aviso Financial Inc. Buys 88,948 Shares of Brookfield Infrastructure Partners LP $BIP

Aviso Financial Inc. raised its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 30.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 383,100 shares of the utilities provider’s stock after acquiring an additional 88,948 shares during the quarter. Aviso Financial Inc. owned approximately 0.08% of Brookfield Infrastructure Partners worth $12,832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. SouthState Corp purchased a new position in shares of Brookfield Infrastructure Partners in the 1st quarter valued at approximately $37,000. Pandora Wealth Inc. bought a new position in Brookfield Infrastructure Partners in the first quarter worth $80,000. Harbour Investments Inc. lifted its position in Brookfield Infrastructure Partners by 23.1% during the second quarter. Harbour Investments Inc. now owns 2,523 shares of the utilities provider’s stock valued at $85,000 after buying an additional 474 shares during the period. State of Wyoming bought a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter valued at $97,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Brookfield Infrastructure Partners by 9.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,866 shares of the utilities provider’s stock worth $115,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BIP shares. National Bank Financial upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Royal Bank Of Canada set a $40.00 target price on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a report on Wednesday, August 27th. Jefferies Financial Group set a $37.00 price target on Brookfield Infrastructure Partners and gave the stock a “hold” rating in a research report on Wednesday, October 29th. National Bankshares set a $35.00 price objective on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield Infrastructure Partners in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.43.

Brookfield Infrastructure Partners Stock Up 0.2%

Brookfield Infrastructure Partners stock opened at $35.28 on Tuesday. The firm has a market cap of $16.35 billion, a price-to-earnings ratio of 705.76 and a beta of 1.14. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Brookfield Infrastructure Partners LP has a 12 month low of $25.72 and a 12 month high of $36.10. The stock has a fifty day simple moving average of $33.98 and a two-hundred day simple moving average of $32.74.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Friday, November 7th. The utilities provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.42). Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.The business had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. Brookfield Infrastructure Partners’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts predict that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th will be paid a $0.43 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.9%. Brookfield Infrastructure Partners’s payout ratio is currently 256.72%.

Brookfield Infrastructure Partners Company 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.