Sequoia Financial Advisors LLC Acquires 16,021 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Sequoia Financial Advisors LLC boosted its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 580,642 shares of the utilities provider's stock after purchasing an additional 16,021 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.13% of Brookfield Infrastructure Partners worth $18,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BIP. Promus Capital LLC purchased a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth $26,000. Dunhill Financial LLC bought a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at $30,000. Compass Planning Associates Inc purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter worth $28,000. Larson Financial Group LLC bought a new position in shares of Brookfield Infrastructure Partners during the 4th quarter valued at about $30,000. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $32,000. 57.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Raymond James boosted their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 30th. TD Securities upped their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Scotiabank boosted their price target on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. One analyst has 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, the company currently has an average rating of "Buy" and an average target price of $42.50.

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Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $28.21 on Wednesday. The firm has a market capitalization of $13.09 billion, a PE ratio of 705.30 and a beta of 1.10. The stock's fifty day moving average is $32.03 and its 200 day moving average is $33.15. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. On average, sell-side analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 6.10%. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently 4,300.00%.

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.

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