WFA Asset Management Corp Has $36,000 Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

WFA Asset Management Corp lessened its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 25.2% during the first quarter, Holdings Channel.com reports. The firm owned 1,141 shares of the utilities provider’s stock after selling 384 shares during the period. WFA Asset Management Corp’s holdings in Brookfield Infrastructure Partners were worth $36,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its position in Brookfield Infrastructure Partners by 20.0% in the 4th quarter. CIBC Asset Management Inc now owns 6,681,918 shares of the utilities provider’s stock valued at $211,259,000 after acquiring an additional 1,112,217 shares in the last quarter. Gold Investment Management Ltd. purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $5,330,000. Triasima Portfolio Management inc. purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $12,322,000. Stratos Wealth Partners LTD. purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $205,000. Finally, Brown Advisory Inc. increased its stake in Brookfield Infrastructure Partners by 11.0% in the 4th quarter. Brown Advisory Inc. now owns 385,416 shares of the utilities provider’s stock valued at $12,137,000 after buying an additional 38,216 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BIP shares. BMO Capital Markets decreased their price target on shares of Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. StockNews.com downgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Finally, Jefferies Financial Group cut their price target on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and a consensus target price of $38.20.

Brookfield Infrastructure Partners Price Performance

Brookfield Infrastructure Partners stock traded up $0.82 during mid-day trading on Wednesday, hitting $28.72. The company’s stock had a trading volume of 139,060 shares, compared to its average volume of 484,134. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 91.48 and a beta of 1.04. The business has a 50 day moving average price of $28.72 and a 200-day moving average price of $29.54. Brookfield Infrastructure Partners L.P. has a 12 month low of $21.03 and a 12 month high of $36.77.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.68). The business had revenue of $5.19 billion during the quarter. Brookfield Infrastructure Partners had a return on equity of 1.23% and a net margin of 2.05%. On average, equities research analysts expect that Brookfield Infrastructure Partners L.P. will post 3.23 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date was Friday, May 31st. Brookfield Infrastructure Partners’s payout ratio is 522.58%.

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.