750 Shares in Brookfield Infrastructure Partners L.P. (NYSE:BIP) Bought by Cedar Mountain Advisors LLC

Cedar Mountain Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 750 shares of the utilities provider’s stock, valued at approximately $26,000.

Other hedge funds have also recently modified their holdings of the company. Walnut Private Equity Partners LLC grew its holdings in Brookfield Infrastructure Partners by 8.3% in the first quarter. Walnut Private Equity Partners LLC now owns 65,000 shares of the utilities provider’s stock worth $2,029,000 after purchasing an additional 5,000 shares during the period. Bromfield Sneider Wealth Advisors bought a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter worth approximately $39,000. Park Avenue Securities LLC grew its stake in shares of Brookfield Infrastructure Partners by 22.8% in the 1st quarter. Park Avenue Securities LLC now owns 10,450 shares of the utilities provider’s stock worth $326,000 after buying an additional 1,939 shares during the last quarter. Global Assets Advisory LLC bought a new position in Brookfield Infrastructure Partners during the 1st quarter valued at approximately $1,913,000. Finally, Wealthcare Advisory Partners LLC bought a new position in Brookfield Infrastructure Partners during the 1st quarter valued at approximately $728,000. Institutional investors own 57.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. Jefferies Financial Group upped their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

Brookfield Infrastructure Partners Stock Performance

BIP traded down $0.14 during midday trading on Tuesday, hitting $33.96. 121,668 shares of the company traded hands, compared to its average volume of 438,798. The company’s 50-day moving average is $32.60 and its 200 day moving average is $30.25. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $15.75 billion, a PE ratio of 110.00 and a beta of 1.06. Brookfield Infrastructure Partners L.P. has a 52 week low of $21.03 and a 52 week high of $35.48.

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). Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, research analysts expect that Brookfield Infrastructure Partners L.P. will post 3.15 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $0.405 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.77%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 522.58%.

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.