GYL Financial Synergies LLC cut its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 61.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,068 shares of the utilities provider’s stock after selling 6,570 shares during the quarter. GYL Financial Synergies LLC’s holdings in Brookfield Infrastructure Partners were worth $203,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of BIP. NEXT Financial Group Inc lifted its holdings in Brookfield Infrastructure Partners by 245.1% during the fourth quarter. NEXT Financial Group Inc now owns 528 shares of the utilities provider’s stock worth $26,000 after buying an additional 375 shares during the period. Price Capital Management Inc. purchased a new position in Brookfield Infrastructure Partners in the third quarter valued at about $64,000. Usca Ria LLC bought a new position in Brookfield Infrastructure Partners in the third quarter worth about $71,000. Institutional & Family Asset Management LLC raised its holdings in Brookfield Infrastructure Partners by 126.9% in the third quarter. Institutional & Family Asset Management LLC now owns 1,452 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 812 shares in the last quarter. Finally, Strategic Blueprint LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at about $95,000. Institutional investors own 50.24% of the company’s stock.
Shares of NYSE:BIP opened at $55.17 on Thursday. Brookfield Infrastructure Partners L.P. has a 52-week low of $39.51 and a 52-week high of $55.44. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of 788.26, a PEG ratio of 1.48 and a beta of 0.80. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average price of $52.51 and a 200-day moving average price of $49.55.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Monday, February 10th. The utilities provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.91). The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Brookfield Infrastructure Partners had a return on equity of 1.57% and a net margin of 3.64%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. As a group, equities analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.72 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.538 per share. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, February 27th. This represents a $2.15 annualized dividend and a yield of 3.90%. Brookfield Infrastructure Partners’s dividend payout ratio is 2,871.43%.
A number of equities analysts have recently issued reports on the company. CIBC reiterated a “buy” rating and set a $53.00 price objective on shares of Brookfield Infrastructure Partners in a report on Tuesday, December 17th. ValuEngine downgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. BMO Capital Markets reaffirmed an “in-line” rating and issued a $60.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday. TD Securities lowered shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating and decreased their price objective for the company from $58.00 to $57.00 in a research report on Tuesday. They noted that the move was a valuation call. Finally, Royal Bank of Canada lifted their target price on shares of Brookfield Infrastructure Partners from $53.00 to $57.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $54.09.
Brookfield Infrastructure Partners Profile
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The 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 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.
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