Cwm LLC Purchases 753 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Cwm LLC boosted its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 33.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,986 shares of the utilities provider’s stock after acquiring an additional 753 shares during the period. Cwm LLC’s holdings in Brookfield Infrastructure Partners were worth $94,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rational Advisors LLC bought a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at about $39,000. LWM Advisory Services LLC purchased a new position in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $48,000. Anchor Investment Management LLC bought a new stake in Brookfield Infrastructure Partners during the fourth quarter worth $190,000. Acadian Asset Management LLC bought a new position in Brookfield Infrastructure Partners during the 3rd quarter valued at $182,000. Finally, Mutual Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the 4th quarter worth $201,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

NYSE:BIP opened at $29.96 on Wednesday. The company has a market cap of $13.82 billion, a P/E ratio of 96.65 and a beta of 0.99. Brookfield Infrastructure Partners L.P. has a 1 year low of $21.03 and a 1 year high of $37.32. The stock’s fifty day moving average price is $28.61 and its two-hundred day moving average price is $28.82.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Friday, May 31st. Brookfield Infrastructure Partners’s payout ratio is presently 522.58%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. TD Securities cut their price target on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. StockNews.com downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. National Bankshares cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price objective on the stock. in a research report on Tuesday, January 30th. BMO Capital Markets decreased their target price on Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Finally, National Bank Financial lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.

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.