Tower Research Capital LLC TRC Has $54,000 Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Tower Research Capital LLC TRC lifted its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 199.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,712 shares of the utilities provider’s stock after purchasing an additional 1,141 shares during the period. Tower Research Capital LLC TRC’s holdings in Brookfield Infrastructure Partners were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BIP. Cullen Frost Bankers Inc. acquired a new stake in Brookfield Infrastructure Partners in the fourth quarter valued at $30,000. Heritage Wealth Advisors acquired a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at about $31,000. Rational Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $39,000. LWM Advisory Services LLC bought a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $48,000. Finally, CWM LLC lifted its stake in shares of Brookfield Infrastructure Partners by 33.7% in the fourth quarter. CWM LLC now owns 2,986 shares of the utilities provider’s stock worth $94,000 after acquiring an additional 753 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Down 0.3 %

NYSE BIP traded down $0.09 during mid-day trading on Monday, hitting $27.05. The company’s stock had a trading volume of 369,981 shares, compared to its average volume of 513,935. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 193.21 and a beta of 0.95. The company’s 50 day simple moving average is $28.82 and its 200 day simple moving average is $28.65. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20. Brookfield Infrastructure Partners L.P. has a twelve month low of $21.03 and a twelve month high of $37.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.99). The business had revenue of $4.97 billion during the quarter. Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. Analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.3 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of $0.405 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.62 annualized dividend and a yield of 5.99%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. Brookfield Infrastructure Partners’s dividend payout ratio is 1,157.14%.

Analyst Ratings Changes

BIP has been the subject of several analyst reports. TD Securities lowered their price target on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Raymond James upped their price target on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. BMO Capital Markets lifted their price objective on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. Jefferies Financial Group dropped their price objective on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, National Bankshares cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 target price for the company. in a research note on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners has an average rating of “Moderate Buy” and an average price target of $38.60.

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.