Optimum Investment Advisors Sells 1,485 Shares of Brookfield Infrastructure Partners LP $BIP

Optimum Investment Advisors trimmed its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 56.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,125 shares of the utilities provider’s stock after selling 1,485 shares during the quarter. Optimum Investment Advisors’ holdings in Brookfield Infrastructure Partners were worth $38,000 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 the stock. Principal Financial Group Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 3.5% during the first quarter. Principal Financial Group Inc. now owns 27,621,080 shares of the utilities provider’s stock worth $822,832,000 after buying an additional 945,462 shares in the last quarter. Scotia Capital Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 4.3% during the first quarter. Scotia Capital Inc. now owns 6,709,573 shares of the utilities provider’s stock worth $197,811,000 after buying an additional 277,192 shares in the last quarter. CCLA Investment Management lifted its holdings in shares of Brookfield Infrastructure Partners by 33.5% during the first quarter. CCLA Investment Management now owns 5,795,677 shares of the utilities provider’s stock worth $172,537,000 after buying an additional 1,453,772 shares in the last quarter. BROOKFIELD Corp ON lifted its holdings in shares of Brookfield Infrastructure Partners by 3.5% during the first quarter. BROOKFIELD Corp ON now owns 4,686,497 shares of the utilities provider’s stock worth $139,611,000 after buying an additional 158,881 shares in the last quarter. Finally, AGF Management Ltd. lifted its holdings in shares of Brookfield Infrastructure Partners by 18.6% during the first 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 in the last quarter. 57.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BIP has been the subject of a number of research reports. National Bankshares set a $35.00 target price on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a report on Friday, September 26th. Royal Bank Of Canada set a $40.00 target price on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a research note on Friday. Wall Street Zen downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday, September 6th. Finally, National Bank Financial raised 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 given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.14.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $34.17 on Monday. The stock has a market cap of $15.84 billion, a P/E ratio of 683.52 and a beta of 1.16. 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 stock’s 50-day moving average is $32.25 and its 200-day moving average is $31.90. Brookfield Infrastructure Partners LP has a 1-year low of $25.72 and a 1-year high of $36.30.

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 the consensus estimate of $0.82 by ($0.01). The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $1.95 billion. Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. Equities research analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company 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. This represents a $1.72 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, August 29th. Brookfield Infrastructure Partners’s payout ratio is 3,440.00%.

Brookfield Infrastructure Partners 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.