Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Bought by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC raised its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 1,616.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,079,521 shares of the utilities provider's stock after acquiring an additional 1,016,623 shares during the quarter. Pathway Financial Advisers LLC owned approximately 0.23% of Brookfield Infrastructure Partners worth $37,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors grew its holdings in 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 valued at $1,198,095,000 after buying an additional 3,141,038 shares during the last quarter. Wulff Hansen & CO. raised its stake in Brookfield Infrastructure Partners by 2,562.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,615,448 shares of the utilities provider's stock valued at $44,328,000 after purchasing an additional 1,554,782 shares during the last quarter. Principal Financial Group Inc. lifted 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 valued at $636,417,000 after purchasing an additional 1,540,223 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at about $410,650,000. Finally, CCLA Investment Management grew its holdings in shares of Brookfield Infrastructure Partners by 35.0% during the second quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider's stock worth $119,180,000 after buying an additional 1,125,964 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Up 1.0 %

Brookfield Infrastructure Partners stock traded up $0.35 during midday trading on Friday, hitting $35.70. 428,781 shares of the company were exchanged, compared to its average volume of 436,160. The company has a market cap of $16.56 billion, a PE ratio of 115.16 and a beta of 1.06. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $21.03 and a fifty-two week high of $36.50. The company's fifty day moving average price is $33.55 and its 200-day moving average price is $30.63. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.81 and a quick ratio of 0.76.

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

Brookfield Infrastructure Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BIP. Jefferies Financial Group boosted their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a "buy" rating in a report on Monday, September 30th. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Sunday, September 15th. Finally, Cibc World Mkts raised Brookfield Infrastructure Partners to a "strong-buy" rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of "Moderate Buy" and a consensus target price of $39.50.

Brookfield Infrastructure Partners Company 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.