Toroso Investments LLC Purchases 571 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Posted March 19, 2023

In Uncategorized

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

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Analysts LLC boosted its stake in Brookfield Infrastructure Partners by 884.1% in the 2nd quarter. Capital Analysts LLC now owns 679 shares of the utilities provider’s stock valued at $26,000 after buying an additional 610 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the 2nd quarter valued at $40,000. Laurel Wealth Advisors LLC boosted its stake in Brookfield Infrastructure Partners by 50.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,200 shares of the utilities provider’s stock valued at $46,000 after buying an additional 400 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Brookfield Infrastructure Partners in the 2nd quarter valued at $50,000. Finally, TCTC Holdings LLC boosted its stake in Brookfield Infrastructure Partners by 50.0% in the 2nd quarter. TCTC Holdings LLC now owns 1,708 shares of the utilities provider’s stock valued at $65,000 after buying an additional 569 shares in the last quarter. 57.81% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Trading Down 0.5 %

Shares of BIP opened at $32.46 on Friday. The stock’s fifty day simple moving average is $34.13 and its 200-day simple moving average is $35.41. The firm has a market capitalization of $14.88 billion, a PE ratio of 237.52 and a beta of 0.88. 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.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.74). The business had revenue of $3.71 billion for the quarter. Brookfield Infrastructure Partners had a net margin of 2.09% and a return on equity of 1.20%. As a group, research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.01 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be paid a dividend of $0.382 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 4.71%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, February 27th. Brookfield Infrastructure Partners’s payout ratio is 1,119.57%.

Wall Street Analysts Forecast Growth

BIP has been the topic of several recent analyst reports. Raymond James decreased their price target on 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 assumed coverage on Brookfield Infrastructure Partners in a research report on Thursday. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.21.

Brookfield Infrastructure Partners Company Profile

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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.