Summit Trail Advisors LLC Makes New $441,000 Investment in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Summit Trail Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,885 shares of the utilities provider's stock, valued at approximately $441,000.

A number of other hedge funds have also recently made changes to their positions in BIP. International Assets Investment Management LLC acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter valued at about $410,650,000. Intact Investment Management Inc. acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter valued at about $40,286,000. Pathway Financial Advisers LLC grew its holdings in shares of Brookfield Infrastructure Partners by 1,616.3% during the third quarter. Pathway Financial Advisers LLC now owns 1,079,521 shares of the utilities provider's stock valued at $37,826,000 after buying an additional 1,016,623 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its holdings in Brookfield Infrastructure Partners by 101.0% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,587,548 shares of the utilities provider's stock worth $55,783,000 after purchasing an additional 797,649 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Brookfield Infrastructure Partners by 24.6% during the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider's stock worth $140,273,000 after purchasing an additional 790,078 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on BIP. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. TD Securities boosted their price target on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Royal Bank of Canada restated an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. Raymond James boosted their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 30th. Finally, 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 report on Thursday. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $42.50.

Brookfield Infrastructure Partners Stock Performance

BIP traded down $0.35 during midday trading on Friday, reaching $32.83. The company had a trading volume of 429,753 shares, compared to its average volume of 369,484. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. The stock has a market cap of $15.24 billion, a PE ratio of 820.86 and a beta of 1.08. Brookfield Infrastructure Partners L.P. has a 12-month low of $24.84 and a 12-month high of $36.50. The business has a 50-day moving average price of $32.37 and a two-hundred day moving average price of $33.09.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) 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 expect that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.43 dividend. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.24%. Brookfield Infrastructure Partners's dividend payout ratio is presently 4,051.01%.

Brookfield Infrastructure Partners 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.