Herold Advisors Inc. Makes New $3.20 Million Investment in Brookfield Infrastructure Partners LP $BIP

Herold Advisors Inc. purchased a new position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 90,061 shares of the utilities provider’s stock, valued at approximately $3,202,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Western Pacific Wealth Management LP bought a new stake in Brookfield Infrastructure Partners in the third quarter worth $27,000. TD Waterhouse Canada Inc. bought a new position in shares of Brookfield Infrastructure Partners in the third quarter worth about $76,976,000. NFSG Corp purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at about $42,000. SC&H Financial Advisors Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $291,000. Finally, Focus Financial Network Inc. purchased a new position in Brookfield Infrastructure Partners during the 3rd quarter worth $400,000. Institutional investors own 57.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. National Bank Financial boosted their target price on Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Citigroup restated a “neutral” rating and issued a $41.00 price objective (up from $37.00) on shares of Brookfield Infrastructure Partners in a report on Monday, August 3rd. Weiss Ratings raised shares of Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Morgan Stanley dropped their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Finally, Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $45.11.

Brookfield Infrastructure Partners Trading Down 1.2%

BIP traded down $0.44 during trading hours on Monday, reaching $37.01. The company’s stock had a trading volume of 224,497 shares, compared to its average volume of 853,097. The stock has a market cap of $16.94 billion, a PE ratio of 59.71 and a beta of 1.06. Brookfield Infrastructure Partners LP has a fifty-two week low of $33.21 and a fifty-two week high of $44.03. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.89 and a quick ratio of 0.84. The business’s 50-day moving average is $37.13 and its 200-day moving average is $37.66.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.16 by $0.73. The business had revenue of $6.48 billion for the quarter, compared to analyst estimates of $2.23 billion. Brookfield Infrastructure Partners had a return on equity of 2.63% and a net margin of 3.51%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 EPS. As a group, equities research analysts predict that Brookfield Infrastructure Partners LP will post 3.63 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st were paid a dividend of $0.4550 per share. This represents a $1.82 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, August 31st. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 293.55%.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a global owner and operator of essential infrastructure assets. The partnership invests in and manages businesses that provide critical services to communities and industries, with a focus on long-term, durable cash flows and assets that are difficult to replicate.

Its operations span several infrastructure sectors, including utilities, transportation, midstream energy, and data infrastructure. The portfolio includes regulated and contracted businesses such as electricity and natural gas transmission and distribution systems, rail and port operations, natural gas pipelines and processing facilities, fiber-optic networks, data centers, and other communications infrastructure.

Brookfield Infrastructure serves customers across North America, South America, Europe, and the Asia-Pacific region.