Brookfield Infrastructure Partners LP $BIP Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC decreased its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 513,589 shares of the utilities provider’s stock after selling 4,606 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.11% of Brookfield Infrastructure Partners worth $17,205,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Brookfield Infrastructure Partners by 947.1% in the first quarter. GAMMA Investing LLC now owns 9,026 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 8,164 shares during the period. Addenda Capital Inc. increased its stake in shares of Brookfield Infrastructure Partners by 13.5% in the second quarter. Addenda Capital Inc. now owns 704,591 shares of the utilities provider’s stock valued at $23,604,000 after purchasing an additional 83,770 shares during the period. Value Partners Investments Inc. increased its stake in shares of Brookfield Infrastructure Partners by 99.5% in the second quarter. Value Partners Investments Inc. now owns 47,294 shares of the utilities provider’s stock valued at $1,581,000 after purchasing an additional 23,582 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Brookfield Infrastructure Partners by 565.6% in the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 1,906 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the first quarter valued at approximately $320,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Up 1.0%

Brookfield Infrastructure Partners stock opened at $34.35 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.88. The firm has a market cap of $15.92 billion, a price-to-earnings ratio of 687.14 and a beta of 1.16. Brookfield Infrastructure Partners LP has a 1 year low of $25.72 and a 1 year high of $36.50. The firm’s 50 day moving average price is $31.45 and its two-hundred day moving average price is $31.50.

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

Brookfield Infrastructure Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a $0.43 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.72 annualized dividend and a yield of 5.0%. Brookfield Infrastructure Partners’s payout ratio is 3,440.00%.

Wall Street Analysts Forecast Growth

BIP has been the topic of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a research note on Wednesday, October 8th. National Bankshares set a $35.00 price target on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Friday, September 26th. National Bank Financial upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Jefferies Financial Group started coverage on shares of Brookfield Infrastructure Partners in a research note on Friday, August 29th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, Royal Bank Of Canada set a $40.00 price objective on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.14.

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.