Tandem Capital Management Corp ADV Has $1.68 Million Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Tandem Capital Management Corp ADV boosted its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,974 shares of the utilities provider’s stock after buying an additional 1,575 shares during the period. Tandem Capital Management Corp ADV’s holdings in Brookfield Infrastructure Partners were worth $1,681,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC bought a new position in Brookfield Infrastructure Partners during the 3rd quarter valued at $26,000. Bank & Trust Co bought a new position in Brookfield Infrastructure Partners during the second quarter valued at approximately $31,000. Clear Point Advisors Inc. purchased a new position in Brookfield Infrastructure Partners in the 1st quarter worth $33,000. Park Place Capital Corp purchased a new stake in Brookfield Infrastructure Partners during the 2nd quarter valued at about $41,000. Finally, Asset Dedication LLC bought a new position in shares of Brookfield Infrastructure Partners in the second quarter worth approximately $46,000. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP stock traded up $0.07 during mid-day trading on Friday, reaching $35.42. The stock had a trading volume of 7,331 shares, compared to its average volume of 434,124. The firm has a market cap of $16.43 billion, a price-to-earnings ratio of 114.03 and a beta of 1.06. The business’s fifty day moving average is $33.47 and its 200-day moving average is $30.58. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. Brookfield Infrastructure Partners L.P. has a 1-year low of $21.03 and a 1-year high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the firm posted $0.72 EPS. The business’s quarterly revenue was up 20.7% on a year-over-year basis. On average, research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were issued a $0.405 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a yield of 4.57%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 522.58%.

Analyst Ratings Changes

A number of analysts have recently weighed in on BIP shares. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Sunday, September 15th. Finally, Jefferies Financial Group lifted their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.29.

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.