Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC increased its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,225,263 shares of the utilities provider's stock after acquiring an additional 20,610 shares during the period. Brookfield Infrastructure Partners comprises 2.0% of Lake Street Advisors Group LLC's holdings, making the stock its 12th largest position. Lake Street Advisors Group LLC owned approximately 0.26% of Brookfield Infrastructure Partners worth $42,933,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Capital World Investors boosted its stake in shares of Brookfield Infrastructure Partners by 8.9% during the 1st quarter. Capital World Investors now owns 38,365,956 shares of the utilities provider's stock worth $1,198,095,000 after acquiring an additional 3,141,038 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Brookfield Infrastructure Partners by 7.1% in the 2nd quarter. Principal Financial Group Inc. now owns 23,193,050 shares of the utilities provider's stock worth $636,417,000 after purchasing an additional 1,540,223 shares during the period. The Manufacturers Life Insurance Company boosted its position in Brookfield Infrastructure Partners by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 6,147,654 shares of the utilities provider's stock worth $168,680,000 after purchasing an additional 257,587 shares in the last quarter. CCLA Investment Management grew its holdings in Brookfield Infrastructure Partners by 35.0% in the second quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider's stock valued at $119,180,000 after purchasing an additional 1,125,964 shares during the period. Finally, Select Equity Group L.P. increased its position in shares of Brookfield Infrastructure Partners by 29.6% in the second quarter. Select Equity Group L.P. now owns 4,202,842 shares of the utilities provider's stock valued at $115,326,000 after buying an additional 960,120 shares in the last quarter. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Price Performance

Shares of Brookfield Infrastructure Partners stock traded up $0.35 during trading hours on Friday, reaching $35.70. 420,471 shares of the company's stock were exchanged, compared to its average volume of 436,160. The business has a fifty day moving average of $33.55 and a two-hundred day moving average of $30.62. The company has a market capitalization of $16.56 billion, a P/E ratio of 115.16 and a beta of 1.06. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.58. Brookfield Infrastructure Partners L.P. has a 1 year low of $21.03 and a 1 year high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.80). The business had revenue of $5.14 billion for the quarter, compared to analysts' expectations of $1.91 billion. Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The firm's revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. As a group, research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.15 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BIP. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Sunday, September 15th. Jefferies Financial Group increased their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a "buy" rating in a report on Monday, September 30th. Finally, Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a "strong-buy" rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $39.29.

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.