Toroso Investments LLC Has $923,000 Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Toroso Investments LLC boosted its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP – Get Rating) (TSE:BIP.UN) by 2.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,722 shares of the utilities provider’s stock after purchasing an additional 571 shares during the quarter. Toroso Investments LLC’s holdings in Brookfield Infrastructure Partners were worth $923,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Visionary Wealth Advisors lifted its stake in Brookfield Infrastructure Partners by 58.3% in the second quarter. Visionary Wealth Advisors now owns 15,671 shares of the utilities provider’s stock valued at $599,000 after buying an additional 5,771 shares in the last quarter. B. Riley Wealth Management Inc. bought a new position in Brookfield Infrastructure Partners in the second quarter valued at approximately $290,000. CSS LLC IL lifted its stake in Brookfield Infrastructure Partners by 31.5% in the second quarter. CSS LLC IL now owns 24,581 shares of the utilities provider’s stock valued at $939,000 after buying an additional 5,893 shares in the last quarter. Fort Sheridan Advisors LLC lifted its stake in Brookfield Infrastructure Partners by 13.1% in the third quarter. Fort Sheridan Advisors LLC now owns 44,161 shares of the utilities provider’s stock valued at $1,585,000 after buying an additional 5,120 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Brookfield Infrastructure Partners by 9.0% in the third quarter. Russell Investments Group Ltd. now owns 394,196 shares of the utilities provider’s stock valued at $14,211,000 after buying an additional 32,550 shares in the last quarter. Institutional investors own 57.81% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

NYSE BIP opened at $32.46 on Friday. Brookfield Infrastructure Partners L.P. has a 12-month low of $30.03 and a 12-month high of $46.01. The company has a quick ratio of 0.05, a current ratio of 0.56 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average is $34.13 and its 200-day moving average is $35.41. The company has a market capitalization of $14.88 billion, a PE ratio of 237.52 and a beta of 0.88.

Brookfield Infrastructure Partners (NYSE:BIP – Get Rating) (TSE:BIP.UN) last released its earnings results on Thursday, February 2nd. The utilities provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.74). Brookfield Infrastructure Partners had a net margin of 2.09% and a return on equity of 1.20%. The firm had revenue of $3.71 billion during the quarter. Equities research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.01 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be paid a $0.382 dividend. The ex-dividend date is Monday, February 27th. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.36. This represents a $1.53 annualized dividend and a dividend yield of 4.71%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 1,119.57%.

Wall Street Analyst Weigh In

BIP has been the topic of a number of research reports. Raymond James cut their price target on shares of Brookfield Infrastructure Partners from $47.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, January 26th. StockNews.com began coverage on shares of Brookfield Infrastructure Partners in a report on Thursday. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.21.

About Brookfield Infrastructure Partners

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Brookfield Infrastructure Partners LP is an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Midstream, Data, and Corporate.