Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Bought by First Foundation Advisors

First Foundation Advisors raised its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,556 shares of the utilities provider’s stock after buying an additional 1,400 shares during the quarter. First Foundation Advisors’ holdings in Brookfield Infrastructure Partners were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Promus Capital LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 4th quarter worth about $26,000. Compass Planning Associates Inc acquired a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at $28,000. Larson Financial Group LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth $30,000. Wingate Wealth Advisors Inc. acquired a new position in Brookfield Infrastructure Partners during the fourth quarter valued at $32,000. Finally, Stonebridge Financial Group LLC acquired a new position in Brookfield Infrastructure Partners in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BIP. TD Securities raised their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Scotiabank raised their price target on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Finally, Raymond James lifted their price target on shares of 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. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $42.50.

Brookfield Infrastructure Partners Trading Down 1.9 %

NYSE BIP opened at $28.80 on Thursday. 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 $13.37 billion, a PE ratio of 720.18 and a beta of 1.04. Brookfield Infrastructure Partners L.P. has a 12 month low of $24.84 and a 12 month high of $36.50. The stock has a 50-day simple moving average of $30.55 and a 200 day simple moving average of $32.58.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. Research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s payout ratio is currently 4,300.00%.

Brookfield Infrastructure Partners Company Profile

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.