40,143 Shares in Brookfield Infrastructure Partners L.P. (NYSE:BIP) Purchased by IFG Advisory LLC

IFG Advisory LLC bought a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 40,143 shares of the utilities provider’s stock, valued at approximately $1,102,000.

A number of other large investors also recently made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new position in Brookfield Infrastructure Partners in the 4th quarter valued at approximately $30,000. Heritage Wealth Advisors acquired a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth $31,000. Bank & Trust Co purchased a new stake in shares of Brookfield Infrastructure Partners during the second quarter worth $31,000. Clear Point Advisors Inc. acquired a new stake in Brookfield Infrastructure Partners during the first quarter valued at $33,000. Finally, Bromfield Sneider Wealth Advisors purchased a new position in Brookfield Infrastructure Partners in the first quarter valued at about $39,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Up 0.2 %

BIP opened at $32.15 on Friday. The firm has a market cap of $14.91 billion, a P/E ratio of 103.71 and a beta of 1.03. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.76 and a current ratio of 0.81. The business has a 50 day moving average price of $30.37 and a 200 day moving average price of $29.50. Brookfield Infrastructure Partners L.P. has a twelve month low of $21.03 and a twelve month high of $33.23.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued 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). The firm had revenue of $5.14 billion during 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%. Brookfield Infrastructure Partners’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.15 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Friday, August 30th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 522.58%.

Wall Street Analysts Forecast Growth

BIP has been the subject of a number of recent research reports. Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a research note on Friday, August 2nd. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.56.

Brookfield Infrastructure Partners Company 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.