Insight Folios Inc Has $587,000 Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Insight Folios Inc increased its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,741 shares of the utilities provider’s stock after buying an additional 525 shares during the period. Insight Folios Inc’s holdings in Brookfield Infrastructure Partners were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BIP. Capital World Investors grew its position in shares of Brookfield Infrastructure Partners by 8.9% in the 1st quarter. Capital World Investors now owns 38,365,956 shares of the utilities provider’s stock valued at $1,198,095,000 after acquiring an additional 3,141,038 shares during the period. Wulff Hansen & CO. lifted its stake in Brookfield Infrastructure Partners by 2,562.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,615,448 shares of the utilities provider’s stock valued at $44,328,000 after purchasing an additional 1,554,782 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Brookfield Infrastructure Partners by 7.1% during the second quarter. Principal Financial Group Inc. now owns 23,193,050 shares of the utilities provider’s stock worth $636,417,000 after purchasing an additional 1,540,223 shares during the period. International Assets Investment Management LLC acquired a new position in Brookfield Infrastructure Partners during the third quarter worth approximately $410,650,000. Finally, CCLA Investment Management raised its stake in Brookfield Infrastructure Partners by 35.0% in the second quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider’s stock valued at $119,180,000 after buying an additional 1,125,964 shares during the period. 57.92% of the stock is owned by institutional investors.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $35.70 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. The stock has a 50 day simple moving average of $33.55 and a 200 day simple moving average of $30.65. Brookfield Infrastructure Partners L.P. has a 1-year low of $21.03 and a 1-year high of $36.50. The stock has a market cap of $16.56 billion, a P/E ratio of 115.16 and a beta of 1.06.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.80). Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $0.72 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. Research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.15 earnings per share for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a dividend of $0.405 per share. The ex-dividend date was Friday, August 30th. This represents a $1.62 annualized dividend and a dividend yield of 4.54%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 522.58%.

Analysts Set New Price Targets

Several brokerages have recently commented on BIP. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Sunday, September 15th. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group upped their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Brookfield Infrastructure Partners 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.