Schneider Downs Wealth Management Advisors LP Purchases 3,263 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Schneider Downs Wealth Management Advisors LP boosted its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 26.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,380 shares of the utilities provider’s stock after buying an additional 3,263 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in Brookfield Infrastructure Partners were worth $422,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

BIP has been the topic of a number of research analyst reports. StockNews.com cut Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Saturday. Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.56.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE:BIP opened at $31.54 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $14.63 billion, a P/E ratio of 101.74 and a beta of 1.05. The business has a 50-day moving average price of $30.83 and a two-hundred day moving average price of $29.48. Brookfield Infrastructure Partners L.P. has a 1-year low of $21.03 and a 1-year high of $33.23.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results 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 return on equity of 0.51% and a net margin of 0.82%. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. Equities analysts predict that Brookfield Infrastructure Partners L.P. will post 3.15 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.14%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 522.58%.

About Brookfield Infrastructure Partners

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.