Brookfield Infrastructure Partners L.P. (BIP) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,601 shares of the utilities provider’s stock after purchasing an additional 250 shares during the period. Stratos Wealth Partners LTD.’s holdings in Brookfield Infrastructure Partners were worth $318,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Harbor Advisory Corp MA increased its position in shares of Brookfield Infrastructure Partners by 0.3% in the fourth quarter. Harbor Advisory Corp MA now owns 129,454 shares of the utilities provider’s stock worth $4,470,000 after acquiring an additional 370 shares in the last quarter. Sigma Planning Corp increased its position in shares of Brookfield Infrastructure Partners by 1.9% in the first quarter. Sigma Planning Corp now owns 24,962 shares of the utilities provider’s stock worth $1,045,000 after acquiring an additional 471 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of Brookfield Infrastructure Partners by 9.4% in the fourth quarter. Raymond James Trust N.A. now owns 5,949 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 511 shares in the last quarter. Heritage Wealth Advisors increased its position in shares of Brookfield Infrastructure Partners by 0.9% in the fourth quarter. Heritage Wealth Advisors now owns 56,518 shares of the utilities provider’s stock worth $1,951,000 after acquiring an additional 530 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Brookfield Infrastructure Partners by 51.3% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,064 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 700 shares in the last quarter. 38.57% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on BIP. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday. Raymond James reissued an “outperform” rating and issued a $49.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $45.94.

Shares of BIP stock opened at $42.00 on Friday. The firm has a market capitalization of $14.51 billion, a PE ratio of 71.19, a PEG ratio of 1.24 and a beta of 1.02. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.93. Brookfield Infrastructure Partners L.P. has a twelve month low of $32.26 and a twelve month high of $42.60.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Friday, May 3rd. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $954.88 million. Brookfield Infrastructure Partners had a net margin of 4.24% and a return on equity of 1.71%. Brookfield Infrastructure Partners’s revenue for the quarter was up 57.3% compared to the same quarter last year. On average, research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.49 EPS for the current year.

The company also recently announced a dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.502 dividend. The ex-dividend date of this dividend is Thursday, May 30th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 340.68%.

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Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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