2,137 Shares in Brookfield Infrastructure Partners L.P. (NYSE:BIP) Bought by Crewe Advisors LLC

Crewe Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,137 shares of the utilities provider’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. raised its stake in Brookfield Infrastructure Partners by 8.5% during the first quarter. Principal Financial Group Inc. now owns 21,652,827 shares of the utilities provider’s stock worth $675,785,000 after acquiring an additional 1,701,587 shares during the period. 1832 Asset Management L.P. lifted its stake in Brookfield Infrastructure Partners by 9.6% in the fourth quarter. 1832 Asset Management L.P. now owns 19,209,097 shares of the utilities provider’s stock valued at $604,894,000 after buying an additional 1,678,140 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Brookfield Infrastructure Partners by 28.2% during the fourth quarter. Mackenzie Financial Corp now owns 7,118,909 shares of the utilities provider’s stock valued at $224,468,000 after acquiring an additional 1,565,246 shares during the period. CIBC Asset Management Inc grew its position in shares of Brookfield Infrastructure Partners by 20.0% during the fourth quarter. CIBC Asset Management Inc now owns 6,681,918 shares of the utilities provider’s stock worth $211,259,000 after acquiring an additional 1,112,217 shares during the last quarter. Finally, Scotia Capital Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 4.1% in the 4th quarter. Scotia Capital Inc. now owns 5,858,382 shares of the utilities provider’s stock worth $184,385,000 after acquiring an additional 233,330 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BIP has been the subject of a number of analyst reports. Jefferies Financial Group reduced their target price on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. StockNews.com cut Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Finally, BMO Capital Markets cut their target price on Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.20.

Brookfield Infrastructure Partners Stock Up 0.5 %

Brookfield Infrastructure Partners stock traded up $0.16 during midday trading on Friday, hitting $31.08. The company’s stock had a trading volume of 70,973 shares, compared to its average volume of 479,945. Brookfield Infrastructure Partners L.P. has a 12 month low of $21.03 and a 12 month high of $36.02. The stock’s 50-day moving average price is $29.05 and its 200-day moving average price is $29.44. The company has a market capitalization of $14.42 billion, a PE ratio of 99.77 and a beta of 1.03.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.68). The business had revenue of $5.19 billion for the quarter. Brookfield Infrastructure Partners had a net margin of 2.05% and a return on equity of 1.23%. As a group, equities analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.23 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 5.21%. The ex-dividend date was Friday, May 31st. Brookfield Infrastructure Partners’s dividend payout ratio is presently 522.58%.

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.