Wingate Wealth Advisors Inc. Takes $32,000 Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Wingate Wealth Advisors Inc. bought a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 999 shares of the utilities provider’s stock, valued at approximately $32,000.

Several other large investors also recently bought and sold shares of the stock. Cedar Mountain Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $26,000. Dunhill Financial LLC purchased a new position in Brookfield Infrastructure Partners in the 3rd quarter worth $30,000. Truvestments Capital LLC purchased a new position in Brookfield Infrastructure Partners in the 3rd quarter worth $77,000. Wilmington Savings Fund Society FSB acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth about $101,000. Finally, Eastern Bank purchased a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at about $158,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Down 0.7 %

Brookfield Infrastructure Partners stock opened at $33.10 on Wednesday. The firm has a market cap of $15.36 billion, a PE ratio of 827.71 and a beta of 1.08. Brookfield Infrastructure Partners L.P. has a 12 month low of $24.84 and a 12 month high of $36.50. The stock’s 50 day simple moving average is $32.52 and its two-hundred day simple moving average is $33.06. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. Analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.43 dividend. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 5.20%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 4,051.01%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. TD Securities raised their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Raymond James raised their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Brookfield Infrastructure Partners presently has a consensus rating of “Buy” and a consensus price target of $42.80.

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.