Wilmington Savings Fund Society FSB Invests $101,000 in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Wilmington Savings Fund Society FSB acquired a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,875 shares of the utilities provider’s stock, valued at approximately $101,000.

A number of other hedge funds have also recently bought and sold shares of BIP. Cedar Mountain Advisors LLC purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at about $26,000. Dunhill Financial LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the third quarter worth approximately $30,000. Asset Dedication LLC purchased a new stake in Brookfield Infrastructure Partners in the second quarter valued at approximately $46,000. Truvestments Capital LLC acquired a new position in Brookfield Infrastructure Partners during the third quarter worth approximately $77,000. Finally, Eastern Bank purchased a new position in Brookfield Infrastructure Partners during the third quarter worth approximately $158,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BIP shares. Jefferies Financial Group boosted their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, September 30th. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, TD Securities raised their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.20.

Brookfield Infrastructure Partners Stock Up 1.2 %

Shares of Brookfield Infrastructure Partners stock opened at $31.36 on Friday. The company has a fifty day moving average price of $34.41 and a 200 day moving average price of $32.15. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50. The stock has a market cap of $14.48 billion, a price-to-earnings ratio of -82.53 and a beta of 1.05.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 5.17%. Brookfield Infrastructure Partners’s payout ratio is currently -426.32%.

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.