Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,892,180 shares of the utilities provider’s stock after selling 1,109,619 shares during the period. 1832 Asset Management L.P.’s holdings in Brookfield Infrastructure Partners were worth $436,081,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Heritage Wealth Advisors acquired a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $31,000. Bank & Trust Co purchased a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $31,000. Clear Point Advisors Inc. purchased a new position in Brookfield Infrastructure Partners during the 1st quarter worth approximately $33,000. Bromfield Sneider Wealth Advisors purchased a new position in Brookfield Infrastructure Partners during the 1st quarter worth approximately $39,000. Finally, Park Place Capital Corp purchased a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analysts Set New Price Targets

BIP has been the topic of a number of research reports. Cibc World Mkts upgraded Brookfield Infrastructure Partners to a “strong-buy” rating in a research note on Friday, August 2nd. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.56.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $33.79 on Friday. Brookfield Infrastructure Partners L.P. has a 1-year low of $21.03 and a 1-year high of $33.98. The business has a 50-day moving average of $31.54 and a 200-day moving average of $29.74. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 109.00 and a beta of 1.05.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.80). Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.15 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Friday, August 30th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 522.58%.

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.