Brookfield Infrastructure Partners L.P. (BIP) Stake Boosted by Harbor Advisory Corp MA

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Harbor Advisory Corp MA grew its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 129,454 shares of the utilities provider’s stock after acquiring an additional 370 shares during the period. Brookfield Infrastructure Partners comprises 4.4% of Harbor Advisory Corp MA’s holdings, making the stock its 6th largest holding. Harbor Advisory Corp MA’s holdings in Brookfield Infrastructure Partners were worth $4,470,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Csenge Advisory Group acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $45,000. Tower Research Capital LLC TRC increased its position in shares of Brookfield Infrastructure Partners by 307.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,903 shares of the utilities provider’s stock worth $116,000 after buying an additional 2,190 shares during the period. New South Capital Management Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $206,000. Raymond James Trust N.A. acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $217,000. Finally, Timber Hill LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $235,000. 47.25% of the stock is owned by hedge funds and other institutional investors.

NYSE:BIP opened at $39.41 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.38 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $13.62 billion, a price-to-earnings ratio of 66.80, a P/E/G ratio of 1.12 and a beta of 1.03. Brookfield Infrastructure Partners L.P. has a 12 month low of $32.26 and a 12 month high of $42.31.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Wednesday, February 6th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $870.84 million. Brookfield Infrastructure Partners had a net margin of 7.46% and a return on equity of 2.82%. The business’s quarterly revenue was up 45.1% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. As a group, research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, February 28th will be issued a $0.502 dividend. This represents a $2.01 dividend on an annualized basis and a yield of 5.10%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Wednesday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 318.64%.

Several equities research analysts have recently weighed in on BIP shares. Credit Suisse Group set a $46.00 price objective on shares of Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research report on Friday, November 2nd. Royal Bank of Canada decreased their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $47.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Raymond James reiterated an “outperform” rating and set a $51.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Monday, November 5th. Wells Fargo & Co decreased their price objective on shares of Brookfield Infrastructure Partners from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Finally, Citigroup decreased their price objective on shares of Brookfield Infrastructure Partners from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $45.72.

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Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's 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 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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

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