Toroso Investments LLC Increases Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Toroso Investments LLC grew its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 6.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,290 shares of the utilities provider’s stock after acquiring an additional 1,713 shares during the quarter. Toroso Investments LLC’s holdings in Brookfield Infrastructure Partners were worth $1,023,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alterity Financial Group LLC boosted its position in shares of Brookfield Infrastructure Partners by 3.6% during the first quarter. Alterity Financial Group LLC now owns 8,601 shares of the utilities provider’s stock valued at $290,000 after buying an additional 300 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Brookfield Infrastructure Partners by 8.9% during the first quarter. Lido Advisors LLC now owns 3,925 shares of the utilities provider’s stock valued at $259,000 after purchasing an additional 320 shares during the last quarter. Tranquility Partners LLC lifted its position in Brookfield Infrastructure Partners by 2.8% during the first quarter. Tranquility Partners LLC now owns 14,604 shares of the utilities provider’s stock valued at $493,000 after purchasing an additional 400 shares during the period. Bank of Nova Scotia Trust Co. boosted its holdings in Brookfield Infrastructure Partners by 1.4% in the first quarter. Bank of Nova Scotia Trust Co. now owns 33,156 shares of the utilities provider’s stock worth $1,120,000 after purchasing an additional 444 shares during the last quarter. Finally, Raymond James Trust N.A. grew its position in Brookfield Infrastructure Partners by 7.0% in the 1st quarter. Raymond James Trust N.A. now owns 7,648 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 498 shares during the period. 55.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BIP has been the topic of a number of research reports. TD Securities raised their price target on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Royal Bank of Canada dropped their price objective on shares of Brookfield Infrastructure Partners from $47.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. StockNews.com initiated coverage on shares of Brookfield Infrastructure Partners in a report on Thursday, August 17th. They set a “hold” rating for the company. Wells Fargo & Company dropped their price target on shares of Brookfield Infrastructure Partners from $41.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Wednesday, August 30th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.00.

Brookfield Infrastructure Partners Stock Down 2.0 %

BIP opened at $32.08 on Tuesday. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $30.03 and a fifty-two week high of $41.72. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.60 and a current ratio of 0.65. The stock has a market cap of $14.72 billion, a price-to-earnings ratio of 97.21 and a beta of 0.88. The firm’s fifty day moving average is $33.28 and its 200 day moving average is $34.37.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). The business had revenue of $4.26 billion during the quarter. Brookfield Infrastructure Partners had a return on equity of 1.42% and a net margin of 2.34%. On average, sell-side analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.04 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 Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.382 per share. This represents a $1.53 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Wednesday, August 30th. Brookfield Infrastructure Partners’s payout ratio is currently 463.64%.

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 60,000 kilometers (km) of operational electricity transmission and distribution lines; 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.8 million electricity and natural gas connections; and 540,000 long-term contracted sub-metering services.