Stratos Wealth Partners LTD. Has $347,000 Position in Brookfield Infrastructure Partners LP (BIP)

Stratos Wealth Partners LTD. lowered its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,489 shares of the utilities provider’s stock after selling 260 shares during the period. Stratos Wealth Partners LTD.’s holdings in Brookfield Infrastructure Partners were worth $347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Partners Value Investments LP bought a new position in shares of Brookfield Infrastructure Partners during the first quarter valued at about $128,693,000. Bank of Montreal Can boosted its position in shares of Brookfield Infrastructure Partners by 26.7% in the first quarter. Bank of Montreal Can now owns 13,975,593 shares of the utilities provider’s stock valued at $540,437,000 after buying an additional 2,947,311 shares during the last quarter. Montrusco Bolton Investments Inc. boosted its position in shares of Brookfield Infrastructure Partners by 46.4% in the first quarter. Montrusco Bolton Investments Inc. now owns 1,812,319 shares of the utilities provider’s stock valued at $69,903,000 after buying an additional 574,812 shares during the last quarter. Arthur M. Cohen & Associates LLC boosted its position in shares of Brookfield Infrastructure Partners by 4,017.0% in the second quarter. Arthur M. Cohen & Associates LLC now owns 475,801 shares of the utilities provider’s stock valued at $11,557,000 after buying an additional 464,244 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Brookfield Infrastructure Partners by 15.9% in the first quarter. Bank of America Corp DE now owns 1,342,832 shares of the utilities provider’s stock valued at $51,927,000 after buying an additional 184,597 shares during the last quarter. 34.06% of the stock is currently owned by institutional investors.

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) opened at 43.09 on Wednesday. Brookfield Infrastructure Partners LP has a one year low of $30.76 and a one year high of $43.37. The company’s 50-day moving average price is $40.54 and its 200-day moving average price is $38.55. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 47.25 and a beta of 1.11.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.80 by $0.86. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. The business had revenue of $934 million for the quarter, compared to analysts’ expectations of $768 million. On average, equities research analysts predict that Brookfield Infrastructure Partners LP will post $1.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.435 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.74 annualized dividend and a yield of 4.04%. Brookfield Infrastructure Partners’s dividend payout ratio is 370.22%.

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BIP has been the topic of several analyst reports. Barclays PLC reaffirmed an “equal weight” rating and set a $42.00 target price (up previously from $37.00) on shares of Brookfield Infrastructure Partners in a research report on Sunday, April 23rd. Scotiabank lifted their target price on Brookfield Infrastructure Partners from $39.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Credit Suisse Group raised Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $44.00 in a research report on Friday, June 16th. Zacks Investment Research raised Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Friday, June 2nd. Finally, Royal Bank Of Canada lifted their target price on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.72.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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