Pathway Financial Advisers LLC Has $985,000 Stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Pathway Financial Advisers LLC trimmed its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 97.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,981 shares of the utilities provider’s stock after selling 1,048,540 shares during the period. Pathway Financial Advisers LLC’s holdings in Brookfield Infrastructure Partners were worth $985,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Citigroup Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 159.5% in the 3rd quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider’s stock valued at $6,147,000 after purchasing an additional 107,821 shares in the last quarter. GSA Capital Partners LLP boosted its position in Brookfield Infrastructure Partners by 197.9% in the third quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider’s stock valued at $2,521,000 after buying an additional 47,792 shares in the last quarter. Addenda Capital Inc. boosted its position in Brookfield Infrastructure Partners by 129.5% in the fourth quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider’s stock valued at $21,632,000 after buying an additional 384,000 shares in the last quarter. FMR LLC grew its stake in Brookfield Infrastructure Partners by 87.1% during the third quarter. FMR LLC now owns 24,090 shares of the utilities provider’s stock worth $844,000 after buying an additional 11,217 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Brookfield Infrastructure Partners by 5.4% during the third quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock worth $89,362,000 after buying an additional 130,371 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BIP shares. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. TD Securities raised their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Raymond James upped their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $42.80.

Brookfield Infrastructure Partners Trading Down 1.5 %

BIP stock opened at $32.62 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.08 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 company has a market cap of $15.14 billion, a P/E ratio of 815.70 and a beta of 1.08. The business has a fifty day moving average of $32.44 and a 200-day moving average of $33.07.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. As a group, equities research analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 5.27%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 4,051.01%.

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.