Gold Investment Management Ltd. Has $5.41 Million Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Gold Investment Management Ltd. grew its position in Brookfield Infrastructure Partners L.P. (NYSE:BIPFree Report) (TSE:BIP.UN) by 2.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 173,223 shares of the utilities provider’s stock after buying an additional 4,119 shares during the period. Brookfield Infrastructure Partners accounts for approximately 2.2% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 10th largest holding. Gold Investment Management Ltd.’s holdings in Brookfield Infrastructure Partners were worth $5,410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Advisors Asset Management Inc. grew its holdings in Brookfield Infrastructure Partners by 43.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 17,848 shares of the utilities provider’s stock worth $525,000 after acquiring an additional 5,375 shares during the period. Anchor Investment Management LLC bought a new stake in Brookfield Infrastructure Partners in the fourth quarter worth $190,000. M. Kraus & Co bought a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $210,000. Raymond James Trust N.A. purchased a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $241,000. Finally, Epiq Partners LLC grew its holdings in Brookfield Infrastructure Partners by 8.6% in the fourth quarter. Epiq Partners LLC now owns 63,037 shares of the utilities provider’s stock worth $1,985,000 after purchasing an additional 5,005 shares during the period. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

Shares of BIP traded up $1.48 during trading hours on Wednesday, reaching $29.35. 743,448 shares of the company’s stock traded hands, compared to its average volume of 485,374. The business’s fifty day simple moving average is $28.88 and its two-hundred day simple moving average is $29.45. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 94.68 and a beta of 1.03. Brookfield Infrastructure Partners L.P. has a twelve month low of $21.03 and a twelve month high of $36.58.

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

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 5.52%. The ex-dividend date was Friday, May 31st. Brookfield Infrastructure Partners’s payout ratio is 522.58%.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on BIP

About Brookfield Infrastructure Partners

(Free Report)

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.

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

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