Cumberland Partners Ltd Purchases New Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Cumberland Partners Ltd purchased a new stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,192 shares of the utilities provider’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dunhill Financial LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at about $30,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at about $32,000. Stonebridge Financial Group LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at about $44,000. Truvestments Capital LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at about $77,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at about $101,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. Scotiabank lifted their price objective on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. TD Securities lifted their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Raymond James lifted their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. Finally, StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. One analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $42.50.

Brookfield Infrastructure Partners Trading Up 0.5 %

Shares of Brookfield Infrastructure Partners stock opened at $33.44 on Friday. The stock has a market cap of $15.52 billion, a P/E ratio of 836.21 and a beta of 1.08. The stock’s 50 day simple moving average is $32.32 and its 200-day simple moving average is $33.14. Brookfield Infrastructure Partners L.P. has a 1-year low of $24.84 and a 1-year high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, topping 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%. Analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure Partners’s payout ratio is currently 4,051.01%.

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.