Brookfield Infrastructure Partners LP $BIP Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. cut its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,041 shares of the utilities provider’s stock after selling 1,971 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Brookfield Infrastructure Partners were worth $3,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SouthState Corp acquired a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter worth approximately $37,000. Pandora Wealth Inc. purchased a new position in Brookfield Infrastructure Partners in the first quarter worth approximately $80,000. Harbour Investments Inc. grew its position in Brookfield Infrastructure Partners by 23.1% in the second quarter. Harbour Investments Inc. now owns 2,523 shares of the utilities provider’s stock worth $85,000 after acquiring an additional 474 shares during the period. State of Wyoming acquired a new stake in Brookfield Infrastructure Partners during the first quarter worth $97,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Brookfield Infrastructure Partners by 9.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,866 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 325 shares during the period. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Jefferies Financial Group set a $37.00 price objective on Brookfield Infrastructure Partners and gave the stock a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. National Bankshares set a $35.00 price target on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research report on Friday, September 26th. National Bank Financial upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Brookfield Infrastructure Partners in a report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Brookfield Infrastructure Partners has an average rating of “Moderate Buy” and an average price target of $40.43.

Brookfield Infrastructure Partners Stock Up 0.8%

Shares of BIP opened at $36.07 on Thursday. The company’s 50-day simple moving average is $34.18 and its 200-day simple moving average is $32.79. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.88. Brookfield Infrastructure Partners LP has a 1 year low of $25.72 and a 1 year high of $36.18. The stock has a market capitalization of $16.72 billion, a PE ratio of 721.56 and a beta of 1.14.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Friday, November 7th. The utilities provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.42). The business had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.Brookfield Infrastructure Partners’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 earnings per share. Analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.8%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 256.72%.

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.