87,188 Shares in Brookfield Infrastructure Partners L.P. (NYSE:BIP) Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC bought a new position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 87,188 shares of the utilities provider’s stock, valued at approximately $2,746,000.

Several other large investors also recently added to or reduced their stakes in BIP. Rational Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at $39,000. LWM Advisory Services LLC acquired a new position in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $48,000. CWM LLC increased its stake in Brookfield Infrastructure Partners by 33.7% during the 4th quarter. CWM LLC now owns 2,986 shares of the utilities provider’s stock worth $94,000 after buying an additional 753 shares during the period. Acadian Asset Management LLC purchased a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth approximately $182,000. Finally, Anchor Investment Management LLC acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter worth approximately $190,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Up 3.0 %

BIP traded up $0.84 on Friday, reaching $29.28. The company had a trading volume of 472,990 shares, compared to its average volume of 541,856. Brookfield Infrastructure Partners L.P. has a 1 year low of $21.03 and a 1 year high of $37.32. The stock has a market capitalization of $13.51 billion, a PE ratio of 94.45 and a beta of 0.99. The stock has a 50-day moving average price of $28.56 and a 200-day moving average price of $28.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.99). The firm had revenue of $4.97 billion during the quarter. Brookfield Infrastructure Partners had a net margin of 2.05% and a return on equity of 1.23%. As a group, analysts expect that Brookfield Infrastructure Partners L.P. will post 3.29 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Infrastructure Partners’s dividend payout ratio is currently 522.58%.

Analysts Set New Price Targets

BIP has been the topic of several analyst reports. National Bankshares cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price objective on the stock. in a research note on Tuesday, January 30th. BMO Capital Markets decreased their price objective on Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday. Raymond James upped their target price on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. StockNews.com cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Friday. Finally, Jefferies Financial Group reduced their price objective on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.20.

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.