Wulff Hansen & CO. Sells 1,794 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Wulff Hansen & CO. lessened its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.0% in the second quarter, HoldingsChannel.com reports. The fund owned 58,872 shares of the utilities provider’s stock after selling 1,794 shares during the period. Brookfield Infrastructure Partners accounts for about 1.5% of Wulff Hansen & CO.’s investment portfolio, making the stock its 17th largest holding. Wulff Hansen & CO.’s holdings in Brookfield Infrastructure Partners were worth $1,615,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Heritage Wealth Advisors bought a new stake in Brookfield Infrastructure Partners during the fourth quarter valued at approximately $31,000. Clear Point Advisors Inc. purchased a new position in Brookfield Infrastructure Partners in the first quarter worth $33,000. Bank & Trust Co bought a new position in Brookfield Infrastructure Partners in the second quarter valued at $31,000. Bromfield Sneider Wealth Advisors purchased a new stake in Brookfield Infrastructure Partners during the first quarter valued at about $39,000. Finally, Park Place Capital Corp bought a new stake in Brookfield Infrastructure Partners during the second quarter worth about $41,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.88.

Brookfield Infrastructure Partners Price Performance

Shares of Brookfield Infrastructure Partners stock opened at $33.81 on Tuesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.81 and a quick ratio of 0.76. Brookfield Infrastructure Partners L.P. has a one year low of $21.03 and a one year high of $34.00. The business’s 50 day simple moving average is $31.60 and its two-hundred day simple moving average is $29.77. The stock has a market capitalization of $15.68 billion, a P/E ratio of 109.06 and a beta of 1.05.

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

Brookfield Infrastructure Partners Dividend Announcement

The company 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. The ex-dividend date is Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.79%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 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.