Janney Montgomery Scott LLC Trims Stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Janney Montgomery Scott LLC lowered its position in Brookfield Infrastructure Partners L.P. (NYSE:BIPGet Rating) (TSE:BIP.UN) by 42.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,772 shares of the utilities provider’s stock after selling 11,646 shares during the period. Janney Montgomery Scott LLC’s holdings in Brookfield Infrastructure Partners were worth $566,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Lido Advisors LLC increased its stake in Brookfield Infrastructure Partners by 8.9% in the 1st quarter. Lido Advisors LLC now owns 3,925 shares of the utilities provider’s stock worth $259,000 after buying an additional 320 shares during the period. GPS Wealth Strategies Group LLC increased its stake in Brookfield Infrastructure Partners by 23.5% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,864 shares of the utilities provider’s stock worth $67,000 after buying an additional 355 shares during the period. Versant Capital Management Inc grew its holdings in Brookfield Infrastructure Partners by 64.7% during the 2nd quarter. Versant Capital Management Inc now owns 988 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 388 shares in the last quarter. Beacon Financial Advisory LLC grew its holdings in Brookfield Infrastructure Partners by 1.1% during the 3rd quarter. Beacon Financial Advisory LLC now owns 36,658 shares of the utilities provider’s stock worth $1,316,000 after acquiring an additional 395 shares in the last quarter. Finally, Ten Capital Wealth Advisors LLC grew its holdings in Brookfield Infrastructure Partners by 49.9% during the 2nd quarter. Ten Capital Wealth Advisors LLC now owns 1,192 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 57.81% of the company’s stock.

Wall Street Analysts Forecast Growth

BIP has been the topic of several recent research reports. National Bank Financial cut shares of Brookfield Infrastructure Partners from an “outperfrom under weight” rating to a “sector perform market weight” rating in a report on Thursday, November 3rd. BMO Capital Markets dropped their target price on shares of Brookfield Infrastructure Partners from $46.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. National Bankshares cut shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $38.00 target price on the stock. in a report on Friday, November 4th. Finally, StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Brookfield Infrastructure Partners currently has an average rating of “Moderate Buy” and a consensus price target of $45.20.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $35.34 on Friday. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $30.03 and a fifty-two week high of $46.01. The stock has a market capitalization of $16.20 billion, a P/E ratio of 135.93 and a beta of 0.82. The company’s 50-day simple moving average is $34.26 and its 200-day simple moving average is $37.12.

Brookfield Infrastructure Partners (NYSE:BIPGet Rating) (TSE:BIP.UN) last released its quarterly earnings results on Wednesday, November 2nd. The utilities provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.55). The firm had revenue of $3.63 billion during the quarter. Brookfield Infrastructure Partners had a net margin of 2.80% and a return on equity of 1.56%. On average, research analysts forecast that Brookfield Infrastructure Partners L.P. will post 2.7 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Wednesday, November 30th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Tuesday, November 29th. Brookfield Infrastructure Partners’s payout ratio is currently 553.87%.

Brookfield Infrastructure Partners Company Profile

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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 61,000 kilometers (km) of operational electricity transmission and distribution lines; 5,300 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.3 million electricity and natural gas connections; and 360,000 long-term contracted sub-metering services.

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

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