Level Four Advisory Services LLC acquired a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP – Free Report) (TSE:BIP.UN) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,000 shares of the utilities provider’s stock, valued at approximately $304,000.
A number of other hedge funds have also recently made changes to their positions in the business. Acadian Asset Management LLC raised its position in Brookfield Infrastructure Partners by 8,107.7% in the first quarter. Acadian Asset Management LLC now owns 1,067 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 1,054 shares during the period. Clear Street Markets LLC purchased a new position in Brookfield Infrastructure Partners during the fourth quarter valued at approximately $38,000. Tucker Asset Management LLC purchased a new position in Brookfield Infrastructure Partners during the first quarter valued at approximately $43,000. Pacifica Partners Inc. grew its stake in Brookfield Infrastructure Partners by 305.4% during the first quarter. Pacifica Partners Inc. now owns 1,792 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 1,350 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC purchased a new position in Brookfield Infrastructure Partners during the first quarter valued at approximately $63,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Infrastructure Partners Trading Down 2.0 %
NYSE:BIP opened at $32.08 on Tuesday. The company has a fifty day moving average of $33.28 and a 200 day moving average of $34.37. Brookfield Infrastructure Partners L.P. has a 52 week low of $30.03 and a 52 week high of $41.72. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $14.72 billion, a P/E ratio of 97.21 and a beta of 0.88.
Brookfield Infrastructure Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a $0.382 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.53 annualized dividend and a yield of 4.76%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 463.64%.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Royal Bank of Canada cut their price target on shares of Brookfield Infrastructure Partners from $47.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. StockNews.com assumed coverage on shares of Brookfield Infrastructure Partners in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Credit Suisse Group reissued an “outperform” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Wednesday, August 30th. Wells Fargo & Company cut their price objective on shares of Brookfield Infrastructure Partners from $41.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Finally, TD Securities upped their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Brookfield Infrastructure Partners currently has an average rating of “Moderate Buy” and an average price target of $43.00.
View Our Latest Research Report on Brookfield Infrastructure Partners
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 60,000 kilometers (km) of operational electricity transmission and distribution lines; 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.8 million electricity and natural gas connections; and 540,000 long-term contracted sub-metering services.
Read More
- Five stocks we like better than Brookfield Infrastructure Partners
- How to Invest in Small Cap Stocks
- 2 Recession-Proof Intelligence Stocks to Defend Your Portfolio
- The 3 Best Retail Stocks to Shop for in August
- 5 Reasons Mullen Automotive is About to Turn a Corner
- Business Services Stocks Investing
- Qualcomm and Apple Forge Ahead with New Modem Partnership
Want to see what other hedge funds are holding BIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Infrastructure Partners L.P. (NYSE:BIP – Free Report) (TSE:BIP.UN).
Receive News & Ratings for Brookfield Infrastructure Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners and related companies with MarketBeat.com's FREE daily email newsletter.
