Rathbones Group PLC Has $792,000 Position in Brookfield Infrastructure Partners LP (NYSE:BIP)

Rathbones Group PLC boosted its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 9.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,592 shares of the utilities provider’s stock after acquiring an additional 2,200 shares during the period. Rathbones Group PLC’s holdings in Brookfield Infrastructure Partners were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Brookfield Infrastructure Partners by 3.5% in the first quarter. Principal Financial Group Inc. now owns 27,621,080 shares of the utilities provider’s stock valued at $822,832,000 after purchasing an additional 945,462 shares during the period. Mackenzie Financial Corp grew its stake in Brookfield Infrastructure Partners by 8.0% in the 4th quarter. Mackenzie Financial Corp now owns 8,784,509 shares of the utilities provider’s stock valued at $278,858,000 after buying an additional 650,892 shares during the last quarter. Scotia Capital Inc. lifted its position in Brookfield Infrastructure Partners by 4.3% during the first quarter. Scotia Capital Inc. now owns 6,709,573 shares of the utilities provider’s stock worth $197,811,000 after acquiring an additional 277,192 shares during the last quarter. CCLA Investment Management boosted its holdings in shares of Brookfield Infrastructure Partners by 33.5% during the first quarter. CCLA Investment Management now owns 5,795,677 shares of the utilities provider’s stock worth $172,537,000 after acquiring an additional 1,453,772 shares during the period. Finally, AGF Management Ltd. boosted its holdings in shares of Brookfield Infrastructure Partners by 18.6% during the first quarter. AGF Management Ltd. now owns 2,722,101 shares of the utilities provider’s stock worth $80,980,000 after acquiring an additional 426,248 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Citigroup lowered their price objective on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Brookfield Infrastructure Partners has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Brookfield Infrastructure Partners Stock Up 0.4%

NYSE BIP opened at $30.46 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 609.40 and a beta of 1.09. The company has a 50 day moving average of $32.44 and a 200-day moving average of $31.39. Brookfield Infrastructure Partners LP has a 1-year low of $25.72 and a 1-year high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $1.95 billion. Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%. Brookfield Infrastructure Partners’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. On average, equities research analysts expect that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.72 annualized dividend and a yield of 5.6%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 3,440.00%.

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.