Stratos Wealth Partners LTD. Boosts Position in Brookfield Infrastructure Partners LP $BIP

Stratos Wealth Partners LTD. boosted its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 6.9% during the second quarter, Holdings Channel reports. The firm owned 11,770 shares of the utilities provider’s stock after buying an additional 760 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Brookfield Infrastructure Partners were worth $394,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Addenda Capital Inc. boosted its position in Brookfield Infrastructure Partners by 13.5% during the second quarter. Addenda Capital Inc. now owns 704,591 shares of the utilities provider’s stock worth $23,604,000 after purchasing an additional 83,770 shares in the last quarter. Value Partners Investments Inc. boosted its position in Brookfield Infrastructure Partners by 99.5% during the second quarter. Value Partners Investments Inc. now owns 47,294 shares of the utilities provider’s stock worth $1,581,000 after purchasing an additional 23,582 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Brookfield Infrastructure Partners by 18.2% during the first quarter. Envestnet Asset Management Inc. now owns 89,377 shares of the utilities provider’s stock worth $2,663,000 after purchasing an additional 13,788 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Brookfield Infrastructure Partners by 248.1% during the second quarter. Farther Finance Advisors LLC now owns 7,807 shares of the utilities provider’s stock worth $262,000 after purchasing an additional 5,564 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Brookfield Infrastructure Partners by 3.5% during the first quarter. Principal Financial Group Inc. now owns 27,621,080 shares of the utilities provider’s stock worth $822,832,000 after purchasing an additional 945,462 shares in the last quarter. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on BIP shares. National Bankshares set a $35.00 target price on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a research report on Friday, September 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a research report on Friday. Wall Street Zen downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. Jefferies Financial Group assumed coverage on Brookfield Infrastructure Partners in a research report on Friday, August 29th. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Royal Bank Of Canada set a $40.00 price objective on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of “Moderate Buy” and an average price target of $40.14.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock opened at $34.17 on Friday. The firm has a market capitalization of $15.84 billion, a P/E ratio of 683.52 and a beta of 1.16. The stock has a fifty day moving average price of $32.25 and a 200 day moving average price of $31.85. Brookfield Infrastructure Partners LP has a 52 week low of $25.72 and a 52 week high of $36.30. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.81 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 net margin of 1.54% and a return on equity of 1.15%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. Equities research analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

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

About Brookfield Infrastructure Partners

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.