Tandem Capital Management Corp ADV Sells 1,050 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Tandem Capital Management Corp ADV decreased its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 52,568 shares of the utilities provider’s stock after selling 1,050 shares during the period. Tandem Capital Management Corp ADV’s holdings in Brookfield Infrastructure Partners were worth $1,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BIP. Rational Advisors LLC bought a new position in Brookfield Infrastructure Partners during the 3rd quarter valued at approximately $39,000. LWM Advisory Services LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth $48,000. CWM LLC lifted its stake in shares of Brookfield Infrastructure Partners by 33.7% in the 4th quarter. CWM LLC now owns 2,986 shares of the utilities provider’s stock worth $94,000 after purchasing an additional 753 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth $190,000. Finally, Acadian Asset Management LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter valued at $182,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analyst Upgrades and Downgrades

BIP has been the subject of a number of research analyst reports. Jefferies Financial Group cut their price objective on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Raymond James upped their target price on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. National Bankshares downgraded Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price target for the company. in a report on Tuesday, January 30th. National Bank Financial downgraded shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 30th. Finally, BMO Capital Markets boosted their price target on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of “Moderate Buy” and a consensus target price of $38.60.

Brookfield Infrastructure Partners Stock Performance

BIP traded down $0.37 on Thursday, hitting $27.36. 516,413 shares of the company’s stock were exchanged, compared to its average volume of 519,152. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20. The firm has a market cap of $12.62 billion, a PE ratio of 195.44 and a beta of 0.95. Brookfield Infrastructure Partners L.P. has a twelve month low of $21.03 and a twelve month high of $37.32. The stock has a fifty day moving average of $29.09 and a two-hundred day moving average of $28.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). The company had revenue of $4.97 billion during the quarter. Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. On average, research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.3 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a $0.405 dividend. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 1,157.23%.

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.