Brookfield Infrastructure Partners LP $BIP Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. boosted its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,770 shares of the utilities provider’s stock after buying an additional 760 shares during the period. Stratos Wealth Partners LTD.’s holdings in Brookfield Infrastructure Partners were worth $394,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Addenda Capital Inc. increased its position in Brookfield Infrastructure Partners by 13.5% during the second quarter. Addenda Capital Inc. now owns 704,591 shares of the utilities provider’s stock worth $23,604,000 after buying an additional 83,770 shares during the period. Value Partners Investments Inc. increased its position in Brookfield Infrastructure Partners by 99.5% during the second quarter. Value Partners Investments Inc. now owns 47,294 shares of the utilities provider’s stock worth $1,581,000 after buying an additional 23,582 shares during the period. Envestnet Asset Management Inc. increased its position in Brookfield Infrastructure Partners by 18.2% during the first quarter. Envestnet Asset Management Inc. now owns 89,377 shares of the utilities provider’s stock worth $2,663,000 after buying an additional 13,788 shares during the period. Farther Finance Advisors LLC increased its position in Brookfield Infrastructure Partners by 248.1% during the second quarter. Farther Finance Advisors LLC now owns 7,807 shares of the utilities provider’s stock worth $262,000 after buying an additional 5,564 shares during the period. Finally, Principal Financial Group Inc. increased its position in Brookfield Infrastructure Partners by 3.5% during the first quarter. Principal Financial Group Inc. now owns 27,621,080 shares of the utilities provider’s stock worth $822,832,000 after buying an additional 945,462 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Down 0.5%

Brookfield Infrastructure Partners stock opened at $34.17 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.88 and a quick ratio of 0.85. Brookfield Infrastructure Partners LP has a 1-year low of $25.72 and a 1-year high of $36.30. The company has a market cap of $15.84 billion, a PE ratio of 683.52 and a beta of 1.16. The stock’s 50 day moving average price is $32.25 and its 200 day moving average price is $31.85.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were paid a $0.43 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.0%. Brookfield Infrastructure Partners’s payout ratio is 3,440.00%.

Analysts Set New Price Targets

BIP has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a research report on Friday. Jefferies Financial Group assumed coverage on Brookfield Infrastructure Partners in a research note on Friday, August 29th. They issued a “buy” rating and a $35.00 target price on the stock. National Bank Financial upgraded 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 Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Finally, National Bankshares set a $35.00 target price on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.14.

Brookfield Infrastructure Partners 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.