Pathway Financial Advisers LLC Sells 1,048,540 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Pathway Financial Advisers LLC trimmed its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 97.1% during the fourth quarter, HoldingsChannel reports. The firm owned 30,981 shares of the utilities provider’s stock after selling 1,048,540 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Brookfield Infrastructure Partners were worth $985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dunhill Financial LLC acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth $30,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $32,000. Stonebridge Financial Group LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $44,000. Truvestments Capital LLC bought a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $77,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $101,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. TD Securities raised their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Raymond James raised their price objective on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. Finally, StockNews.com upgraded 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $42.80.

Brookfield Infrastructure Partners Price Performance

NYSE BIP opened at $32.62 on Thursday. Brookfield Infrastructure Partners L.P. has a 12-month low of $24.84 and a 12-month high of $36.50. The firm’s 50 day moving average is $32.44 and its 200-day moving average is $33.07. The company has a market capitalization of $15.14 billion, a PE ratio of 815.70 and a beta of 1.08. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, topping 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%. Equities research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 5.27%. Brookfield Infrastructure Partners’s dividend payout ratio is 4,051.01%.

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.