Sequoia Financial Advisors LLC Has $19.78 Million Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Sequoia Financial Advisors LLC grew its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 137.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 564,621 shares of the utilities provider's stock after purchasing an additional 327,143 shares during the period. Sequoia Financial Advisors LLC owned about 0.12% of Brookfield Infrastructure Partners worth $19,784,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BIP. Roof Eidam Maycock Peralta LLC acquired a new stake in Brookfield Infrastructure Partners during the third quarter valued at $237,000. Raymond James & Associates raised its stake in shares of Brookfield Infrastructure Partners by 6.4% during the 3rd quarter. Raymond James & Associates now owns 610,607 shares of the utilities provider's stock worth $21,396,000 after purchasing an additional 36,806 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 101.0% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,587,548 shares of the utilities provider's stock valued at $55,783,000 after buying an additional 797,649 shares during the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $26,000. Finally, Creative Planning increased its holdings in Brookfield Infrastructure Partners by 0.6% in the third quarter. Creative Planning now owns 67,445 shares of the utilities provider's stock worth $2,363,000 after buying an additional 389 shares during the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a "strong-buy" rating in a research report on Friday, August 2nd. Jefferies Financial Group upped their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Sunday, September 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Brookfield Infrastructure Partners presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.29.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP traded down $0.45 during mid-day trading on Tuesday, hitting $35.69. 515,953 shares of the company's stock traded hands, compared to its average volume of 437,911. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. The firm has a 50 day moving average of $33.28 and a two-hundred day moving average of $30.51. The firm has a market capitalization of $16.56 billion, a price-to-earnings ratio of 115.13 and a beta of 1.06. Brookfield Infrastructure Partners L.P. has a 12 month low of $21.03 and a 12 month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its earnings results on Thursday, August 1st. The utilities provider reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.70 by ($0.80). The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $1.91 billion. Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. Brookfield Infrastructure Partners's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 earnings per share. On average, equities analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.15 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a $0.405 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.62 annualized dividend and a yield of 4.54%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 522.58%.

About Brookfield Infrastructure Partners

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.