Vontobel Holding Ltd. Takes Position in Brookfield Infrastructure Partners LP $BIP

Vontobel Holding Ltd. purchased a new stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,201 shares of the utilities provider’s stock, valued at approximately $878,000.

A number of other hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 27,621,080 shares of the utilities provider’s stock valued at $822,832,000 after purchasing an additional 945,462 shares in the last quarter. Scotia Capital Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 4.3% in the 1st quarter. Scotia Capital Inc. now owns 6,709,573 shares of the utilities provider’s stock valued at $197,811,000 after purchasing an additional 277,192 shares in the last quarter. CCLA Investment Management boosted its stake in shares of Brookfield Infrastructure Partners by 33.5% in the 1st quarter. CCLA Investment Management now owns 5,795,677 shares of the utilities provider’s stock valued at $172,537,000 after purchasing an additional 1,453,772 shares in the last quarter. BROOKFIELD Corp ON boosted its stake in shares of Brookfield Infrastructure Partners by 3.5% in the 1st quarter. BROOKFIELD Corp ON now owns 4,686,497 shares of the utilities provider’s stock valued at $139,611,000 after purchasing an additional 158,881 shares in the last quarter. Finally, AGF Management Ltd. boosted its position in Brookfield Infrastructure Partners by 18.6% during the 1st quarter. AGF Management Ltd. now owns 2,722,101 shares of the utilities provider’s stock worth $80,980,000 after buying an additional 426,248 shares during the period. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP opened at $34.35 on Monday. The company has a fifty day simple moving average of $31.45 and a 200 day simple moving average of $31.50. Brookfield Infrastructure Partners LP has a 12-month low of $25.72 and a 12-month high of $36.50. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The company has a market cap of $15.92 billion, a P/E ratio of 687.14 and a beta of 1.16.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts predict that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.72 annualized dividend and a yield of 5.0%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 3,440.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BIP shares. National Bank Financial upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Royal Bank Of Canada set a $40.00 target price on shares of Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. Jefferies Financial Group assumed coverage on shares of Brookfield Infrastructure Partners in a report on Friday, August 29th. They set a “buy” rating and a $35.00 price target for the company. Finally, National Bankshares set a $35.00 price objective on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.14.

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.