SG Americas Securities LLC Takes $661,000 Position in Brookfield Infrastructure Partners L.P. (BIP)

SG Americas Securities LLC purchased a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) during the first quarter, HoldingsChannel.com reports. The fund purchased 15,791 shares of the utilities provider’s stock, valued at approximately $661,000.

Other institutional investors have also bought and sold shares of the company. Leith Wheeler Investment Counsel Ltd. lifted its stake in Brookfield Infrastructure Partners by 5.8% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 78,882 shares of the utilities provider’s stock valued at $2,724,000 after acquiring an additional 4,305 shares during the last quarter. Bank of Montreal Can lifted its stake in Brookfield Infrastructure Partners by 2.6% in the fourth quarter. Bank of Montreal Can now owns 16,951,223 shares of the utilities provider’s stock valued at $585,326,000 after acquiring an additional 424,158 shares during the last quarter. Davis Rea LTD. lifted its stake in Brookfield Infrastructure Partners by 2.3% in the fourth quarter. Davis Rea LTD. now owns 180,696 shares of the utilities provider’s stock valued at $6,239,000 after acquiring an additional 4,037 shares during the last quarter. Cypress Wealth Services LLC lifted its stake in Brookfield Infrastructure Partners by 9.7% in the fourth quarter. Cypress Wealth Services LLC now owns 8,649 shares of the utilities provider’s stock valued at $299,000 after acquiring an additional 768 shares during the last quarter. Finally, Karpas Strategies LLC lifted its stake in Brookfield Infrastructure Partners by 7.5% in the fourth quarter. Karpas Strategies LLC now owns 210,106 shares of the utilities provider’s stock valued at $7,255,000 after acquiring an additional 14,688 shares during the last quarter. Institutional investors own 38.63% of the company’s stock.

BIP has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Raymond James reissued an “outperform” rating and issued a $49.00 price target on shares of Brookfield Infrastructure Partners in a research report on Thursday, March 21st. Finally, National Bank Financial lifted their price target on shares of Brookfield Infrastructure Partners from $45.50 to $47.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Brookfield Infrastructure Partners currently has an average rating of “Buy” and a consensus target price of $45.69.



BIP stock traded down $0.20 on Monday, reaching $41.72. 11,364 shares of the company were exchanged, compared to its average volume of 232,684. Brookfield Infrastructure Partners L.P. has a 12 month low of $32.26 and a 12 month high of $42.60. The firm has a market capitalization of $14.41 billion, a P/E ratio of 70.70, a price-to-earnings-growth ratio of 1.25 and a beta of 1.02. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.93.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Friday, May 3rd. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.04. Brookfield Infrastructure Partners had a net margin of 4.24% and a return on equity of 1.71%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $954.88 million. The company’s revenue for the quarter was up 57.3% compared to the same quarter last year. Equities research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.49 EPS for the current fiscal year.

The business also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.502 per share. The ex-dividend date of this dividend is Thursday, May 30th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 340.68%.

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About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

Read More: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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