Cetera Investment Advisers Boosts Position in Brookfield Infrastructure Partners LP $BIP

Cetera Investment Advisers boosted its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 10.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,538 shares of the utilities provider’s stock after buying an additional 4,710 shares during the quarter. Cetera Investment Advisers’ holdings in Brookfield Infrastructure Partners were worth $1,660,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Scotia Capital Inc. raised its stake in shares of Brookfield Infrastructure Partners by 4.3% during the first quarter. Scotia Capital Inc. now owns 6,709,573 shares of the utilities provider’s stock valued at $197,811,000 after acquiring an additional 277,192 shares in the last quarter. CCLA Investment Management increased its holdings in Brookfield Infrastructure Partners by 33.5% during the 1st quarter. CCLA Investment Management now owns 5,795,677 shares of the utilities provider’s stock worth $172,537,000 after purchasing an additional 1,453,772 shares during the period. BROOKFIELD Corp ON increased its holdings 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 worth $139,611,000 after purchasing an additional 158,881 shares during the period. AGF Management Ltd. raised its position in Brookfield Infrastructure Partners by 18.6% during the 1st quarter. AGF Management Ltd. now owns 2,722,101 shares of the utilities provider’s stock valued at $80,980,000 after purchasing an additional 426,248 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Brookfield Infrastructure Partners by 4.5% in the 1st quarter. Invesco Ltd. now owns 2,289,985 shares of the utilities provider’s stock worth $68,219,000 after buying an additional 97,735 shares during the period. 57.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BIP. National Bankshares set a $35.00 price target on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Friday, September 26th. Wall Street Zen raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield Infrastructure Partners in a research report on Wednesday. National Bank Financial raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Finally, Jefferies Financial Group set a $37.00 price objective on shares of Brookfield Infrastructure Partners and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of “Moderate Buy” and a consensus price target of $40.43.

Brookfield Infrastructure Partners Stock Down 0.1%

Shares of Brookfield Infrastructure Partners stock opened at $36.07 on Monday. 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 $16.72 billion, a P/E ratio of 721.52 and a beta of 1.14. The firm’s 50 day moving average price is $34.38 and its 200-day moving average price is $32.85. Brookfield Infrastructure Partners LP has a 52-week low of $25.72 and a 52-week high of $36.27.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Friday, November 7th. The utilities provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.42). Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the previous year, the company earned $0.76 EPS. The company’s revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts predict that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.8%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 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.