Brookfield Infrastructure Partners LP $BIP Position Lowered by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC decreased its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,516 shares of the utilities provider’s stock after selling 1,005 shares during the period. Stratos Wealth Advisors LLC’s holdings in Brookfield Infrastructure Partners were worth $319,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. North Capital Inc. bought a new position in shares of Brookfield Infrastructure Partners during the first quarter worth about $35,000. SouthState Corp bought a new position in shares of Brookfield Infrastructure Partners during the first quarter worth about $37,000. Farther Finance Advisors LLC lifted its position in shares of Brookfield Infrastructure Partners by 565.6% during the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 1,906 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of Brookfield Infrastructure Partners by 23.1% during the second quarter. Harbour Investments Inc. now owns 2,523 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 474 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new position in shares of Brookfield Infrastructure Partners during the first quarter worth about $80,000. Institutional investors own 57.92% of the company’s stock.

Analysts Set New Price Targets

BIP has been the topic of a number of recent research reports. National Bankshares set a $35.00 target price on shares of Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a report on Friday, September 26th. Royal Bank Of Canada set a $40.00 target price on shares of Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Wall Street Zen cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Saturday, September 6th. Jefferies Financial Group initiated coverage on shares of Brookfield Infrastructure Partners in a report on Friday, August 29th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.14.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE:BIP opened at $34.33 on Monday. The firm’s 50 day moving average is $31.81 and its two-hundred day moving average is $31.66. Brookfield Infrastructure Partners LP has a 52 week low of $25.72 and a 52 week high of $36.50. The firm has a market capitalization of $15.91 billion, a P/E ratio of 686.70 and a beta of 1.16. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The firm had revenue of $5.43 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the business posted $0.77 EPS. Brookfield Infrastructure Partners’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were paid a $0.43 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.72 annualized dividend and a dividend yield of 5.0%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 3,440.00%.

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.