Strategic Wealth Advisors Group LLC bought a new stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,495 shares of the utilities provider’s stock, valued at approximately $453,000.

A number of other large investors have also added to or reduced their stakes in BIP. Principal Financial Group Inc. grew its stake in shares of Brookfield Infrastructure Partners by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 8,751,437 shares of the utilities provider’s stock valued at $377,532,000 after buying an additional 437,693 shares in the last quarter. Capital World Investors grew its stake in shares of Brookfield Infrastructure Partners by 58.9% in the 2nd quarter. Capital World Investors now owns 5,215,000 shares of the utilities provider’s stock valued at $213,297,000 after buying an additional 1,932,672 shares in the last quarter. First Manhattan Co. grew its stake in shares of Brookfield Infrastructure Partners by 0.4% in the 3rd quarter. First Manhattan Co. now owns 1,639,485 shares of the utilities provider’s stock valued at $70,727,000 after buying an additional 6,517 shares in the last quarter. Geneva Advisors LLC grew its stake in shares of Brookfield Infrastructure Partners by 10.0% in the 2nd quarter. Geneva Advisors LLC now owns 1,430,385 shares of the utilities provider’s stock valued at $58,517,000 after buying an additional 130,105 shares in the last quarter. Finally, CIBC World Markets Inc. bought a new stake in shares of Brookfield Infrastructure Partners in the 2nd quarter valued at approximately $57,006,000. 34.47% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Scotiabank boosted their price target on Brookfield Infrastructure Partners from $43.50 to $46.75 and gave the company an “outperform” rating in a research note on Monday, November 6th. National Bank Financial boosted their price target on Brookfield Infrastructure Partners from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Royal Bank Of Canada boosted their price target on Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Finally, TD Securities upped their target price on Brookfield Infrastructure Partners to $57.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.88.

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Shares of Brookfield Infrastructure Partners LP (BIP) traded up $0.01 during trading on Wednesday, reaching $43.78. The company’s stock had a trading volume of 261,500 shares, compared to its average volume of 381,770. The company has a market capitalization of $16,860.00, a PE ratio of 162.11, a P/E/G ratio of 1.27 and a beta of 1.06. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Brookfield Infrastructure Partners LP has a 52-week low of $31.03 and a 52-week high of $44.91.

Brookfield Infrastructure Partners declared that its Board of Directors has approved a share repurchase program on Tuesday, November 7th that allows the company to buyback 13,820,000 shares. This buyback authorization allows the utilities provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.435 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.74 dividend on an annualized basis and a yield of 3.97%. Brookfield Infrastructure Partners’s payout ratio is currently 669.23%.

Brookfield Infrastructure Partners Profile

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

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