6,371 Shares in Brookfield Infrastructure Partners L.P. (NYSE:BIP) Acquired by M. Kraus & Co

M. Kraus & Co acquired a new position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,371 shares of the utilities provider’s stock, valued at approximately $223,000.

A number of other institutional investors also recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $59,000. Walnut Private Equity Partners LLC grew its position in shares of Brookfield Infrastructure Partners by 8.3% in the first quarter. Walnut Private Equity Partners LLC now owns 65,000 shares of the utilities provider’s stock valued at $2,029,000 after purchasing an additional 5,000 shares during the period. Bromfield Sneider Wealth Advisors acquired a new position in Brookfield Infrastructure Partners in the first quarter valued at $39,000. Park Avenue Securities LLC lifted its position in Brookfield Infrastructure Partners by 22.8% during the first quarter. Park Avenue Securities LLC now owns 10,450 shares of the utilities provider’s stock worth $326,000 after buying an additional 1,939 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in Brookfield Infrastructure Partners in the 1st quarter worth about $1,913,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Up 0.6 %

NYSE:BIP traded up $0.21 during mid-day trading on Monday, hitting $34.25. The company had a trading volume of 45,608 shares, compared to its average volume of 440,048. Brookfield Infrastructure Partners L.P. has a 1 year low of $21.03 and a 1 year high of $35.48. The business has a fifty day simple moving average of $32.52 and a 200-day simple moving average of $30.23. 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 firm has a market capitalization of $15.89 billion, a price-to-earnings ratio of 110.45 and a beta of 1.06.

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

Brookfield Infrastructure Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 4.73%. The ex-dividend date was Friday, August 30th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 522.58%.

Wall Street Analysts Forecast Growth

BIP has been the topic of several research analyst reports. Jefferies Financial Group raised their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. Finally, StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Sunday, September 15th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

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.