6 days Ago By ABMN Staff
Mariner LLC lessened its stake in shares of Brookfield Infrastructure Partners L.P. ( NYSE:BIP – Free Report ) (TSE:BIP.
UN) by 5.0% in the 4th quarter, HoldingsChannel.com reports.
The firm owned 24,255 shares of the utilities provider’s stock after selling 1,287 shares during the period. Mariner LLC’s holdings in Brookfield Infrastructure Partners were worth $771,000 as of its most recent filing with the SEC. Several other hedge funds have also bought and sold shares of BIP.
Promus Capital LLC bought a new stake in Brookfield Infrastructure Partners during the fourth quarter valued at about $26,000. Compass Planning Associates Inc bought a new stake in Brookfield Infrastructure Partners during the fourth quarter valued at about $28,000. Larson Financial Group LLC bought a new stake in Brookfield Infrastructure Partners during the fourth quarter valued at about $30,000.
Wingate Wealth Advisors Inc. bought a new stake in Brookfield Infrastructure Partners during the fourth quarter valued at about $32,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth about $44,000.
Institutional investors own 57.92% of the company’s stock. Brookfield Infrastructure Partners Price Performance NYSE:BIP opened at $29.
12 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.
72 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $13.
52 billion, a P/E ratio of 728.18 and a beta of 1.04.
Brookfield Infrastructure Partners L.P. has a 12 month low of $25.
72 and a 12 month high of $36.50. The business’s 50-day moving average is $29.
38 and its 200 day moving average is $32.04. Brookfield Infrastructure Partners Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st.
Shareholders of record on Friday, February 28th were given a dividend of $0.43 per share. The ex-dividend date was Friday, February 28th.
This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.
72 dividend on an annualized basis and a yield of 5.91%. Brookfield Infrastructure Partners’s dividend payout ratio is 4,300.
00%. Analyst Upgrades and Downgrades BIP has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.
00 price objective on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. Raymond James upped their price objective on Brookfield Infrastructure Partners from $44.00 to $46.
00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 30th. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st.
TD Securities upped their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd.
Finally, Scotiabank upped their price objective on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th.
One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $42.
50. View Our Latest Stock Analysis on BIP Brookfield Infrastructure Partners Company Profile ( 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. Read More Want to see what other hedge funds are holding BIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Infrastructure Partners L.
P. ( NYSE:BIP – Free Report ) (TSE:BIP.UN).
Receive News & Ratings for Brookfield Infrastructure Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners and related companies with MarketBeat.com's FREE daily email newsletter ..
