Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Purchased by Tandem Capital Management Corp ADV

Tandem Capital Management Corp ADV increased its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,974 shares of the utilities provider’s stock after buying an additional 1,575 shares during the period. Tandem Capital Management Corp ADV’s holdings in Brookfield Infrastructure Partners were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BIP. Capital World Investors lifted its position in shares of Brookfield Infrastructure Partners by 8.9% in the first quarter. Capital World Investors now owns 38,365,956 shares of the utilities provider’s stock valued at $1,198,095,000 after acquiring an additional 3,141,038 shares in the last quarter. Wulff Hansen & CO. raised its position in shares of Brookfield Infrastructure Partners by 2,562.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,615,448 shares of the utilities provider’s stock worth $44,328,000 after buying an additional 1,554,782 shares during the period. Principal Financial Group Inc. increased its stake in Brookfield Infrastructure Partners by 7.1% during the second quarter. Principal Financial Group Inc. now owns 23,193,050 shares of the utilities provider’s stock worth $636,417,000 after acquiring an additional 1,540,223 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at about $410,650,000. Finally, CCLA Investment Management increased its position in shares of Brookfield Infrastructure Partners by 35.0% during the second quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider’s stock worth $119,180,000 after acquiring an additional 1,125,964 shares during the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Up 0.2 %

Brookfield Infrastructure Partners stock traded up $0.07 during mid-day trading on Friday, hitting $35.42. The company’s stock had a trading volume of 7,331 shares, compared to its average volume of 434,124. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.81 and a quick ratio of 0.76. Brookfield Infrastructure Partners L.P. has a 52-week low of $21.03 and a 52-week high of $36.50. The firm’s 50 day moving average is $33.47 and its 200 day moving average is $30.58. The company has a market cap of $16.43 billion, a PE ratio of 114.03 and a beta of 1.06.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.80). Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business posted $0.72 EPS. Brookfield Infrastructure Partners’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.15 earnings per share for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 4.57%. The ex-dividend date was Friday, August 30th. Brookfield Infrastructure Partners’s dividend payout ratio is 522.58%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BIP. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Sunday, September 15th. Jefferies Financial Group increased their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Cibc World Mkts upgraded Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Brookfield Infrastructure Partners presently has a consensus rating of “Moderate Buy” and an average target price of $39.29.

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.