U.S. Capital Wealth Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP – Get Rating) (TSE:BIP.UN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,571 shares of the utilities provider’s stock, valued at approximately $111,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC increased its position in Brookfield Infrastructure Partners by 136.4% during the fourth quarter. Sound Income Strategies LLC now owns 2,028 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 1,170 shares during the period. Power Corp of Canada bought a new position in Brookfield Infrastructure Partners during the first quarter worth $73,000. Fairfield Bush & CO. acquired a new stake in Brookfield Infrastructure Partners during the first quarter worth $81,000. Atlas Capital Advisors LLC acquired a new stake in Brookfield Infrastructure Partners during the third quarter worth $135,000. Finally, JCIC Asset Management Inc. boosted its stake in Brookfield Infrastructure Partners by 12.3% during the third quarter. JCIC Asset Management Inc. now owns 5,389 shares of the utilities provider’s stock worth $195,000 after buying an additional 590 shares in the last quarter. Institutional investors own 57.81% of the company’s stock.
Wall Street Analysts Forecast Growth
BIP has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Brookfield Infrastructure Partners in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Raymond James decreased their price target on shares of Brookfield Infrastructure Partners from $47.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, January 26th. Wells Fargo & Company lifted their price target on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Thursday, April 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $47.00 price target on shares of Brookfield Infrastructure Partners in a research note on Thursday, April 13th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Brookfield Infrastructure Partners presently has a consensus rating of “Moderate Buy” and an average target price of $43.58.
Brookfield Infrastructure Partners Stock Down 0.1 %
Brookfield Infrastructure Partners (NYSE:BIP – Get Rating) (TSE:BIP.UN) last issued its earnings results on Thursday, February 2nd. The utilities provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.74). The firm had revenue of $3.71 billion during the quarter. Brookfield Infrastructure Partners had a net margin of 2.09% and a return on equity of 1.20%. Equities research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.01 earnings per share for the current fiscal year.
Brookfield Infrastructure Partners Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Tuesday, February 28th were given a dividend of $0.382 per share. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Monday, February 27th. This represents a $1.53 annualized dividend and a yield of 4.39%. Brookfield Infrastructure Partners’s dividend payout ratio is 1,119.57%.
Brookfield Infrastructure Partners Profile
Brookfield Infrastructure Partners LP operates as an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Midstream, and Data.
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