Pathway Financial Advisers LLC Raises Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Pathway Financial Advisers LLC raised its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 1,616.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & 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 period. Pathway Financial Advisers LLC owned approximately 0.23% of Brookfield Infrastructure Partners worth $37,826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BIP. Cedar Mountain Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners in the third quarter worth approximately $26,000. Clear Point Advisors Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter worth $33,000. Bank & Trust Co purchased a new position in Brookfield Infrastructure Partners in the second quarter worth $31,000. Park Place Capital Corp bought a new position in Brookfield Infrastructure Partners in the second quarter valued at $41,000. Finally, Asset Dedication LLC purchased a new stake in Brookfield Infrastructure Partners during the second quarter valued at about $46,000. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Trading Up 0.6 %

Shares of NYSE BIP traded up $0.21 during midday trading on Wednesday, hitting $34.92. 372,474 shares of the company traded hands, compared to its average volume of 434,585. The firm has a market cap of $16.20 billion, a P/E ratio of 111.94 and a beta of 1.06. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a 50-day moving average price of $33.68 and a 200 day moving average price of $30.77. Brookfield Infrastructure Partners L.P. has a 12-month low of $22.21 and a 12-month high of $36.50.

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

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date was Friday, August 30th. Brookfield Infrastructure Partners's payout ratio is currently 522.58%.

Wall Street Analysts Forecast Growth

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