Sequoia Financial Advisors LLC Has $17.21 Million Stake in Brookfield Infrastructure Partners LP $BIP

Sequoia Financial Advisors LLC decreased its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 0.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 513,589 shares of the utilities provider’s stock after selling 4,606 shares during the period. Sequoia Financial Advisors LLC’s holdings in Brookfield Infrastructure Partners were worth $17,205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIP. CCLA Investment Management boosted its stake in 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 worth $172,537,000 after purchasing an additional 1,453,772 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Brookfield Infrastructure Partners by 713.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,655,916 shares of the utilities provider’s stock worth $49,270,000 after purchasing an additional 1,452,320 shares during the period. Principal Financial Group Inc. boosted its stake in 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 worth $822,832,000 after purchasing an additional 945,462 shares during the period. SCS Capital Management LLC acquired a new position in Brookfield Infrastructure Partners in the 1st quarter worth approximately $24,786,000. Finally, AGF Management Ltd. boosted its stake in Brookfield Infrastructure Partners by 18.6% in the 1st quarter. AGF Management Ltd. now owns 2,722,101 shares of the utilities provider’s stock worth $80,980,000 after purchasing an additional 426,248 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday, September 6th. Royal Bank Of Canada set a $40.00 target price on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Wednesday, August 27th. National Bankshares set a $35.00 target price on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Friday, September 26th. Finally, National Bank Financial raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.14.

Brookfield Infrastructure Partners Stock Up 1.0%

Brookfield Infrastructure Partners stock opened at $34.35 on Monday. The company has a market capitalization of $15.92 billion, a P/E ratio of 687.14 and a beta of 1.16. The firm’s fifty day simple moving average is $31.45 and its 200-day simple moving average is $31.50. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Brookfield Infrastructure Partners LP has a 1-year low of $25.72 and a 1-year high of $36.50.

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

Brookfield Infrastructure Partners Dividend Announcement

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

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.