Tandem Capital Management Corp ADV Trims Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Tandem Capital Management Corp ADV decreased its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 52,568 shares of the utilities provider’s stock after selling 1,050 shares during the period. Tandem Capital Management Corp ADV’s holdings in Brookfield Infrastructure Partners were worth $1,655,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Rational Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners in the third quarter valued at $39,000. LWM Advisory Services LLC bought a new stake in Brookfield Infrastructure Partners during the third quarter valued at about $48,000. CWM LLC boosted its position 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 valued at $94,000 after acquiring an additional 753 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at about $182,000. Finally, Anchor Investment Management LLC bought a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth about $190,000. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP traded down $0.37 on Thursday, reaching $27.36. The company’s stock had a trading volume of 516,413 shares, compared to its average volume of 519,152. The stock’s 50 day simple moving average is $29.09 and its two-hundred day simple moving average is $28.68. Brookfield Infrastructure Partners L.P. has a 12-month low of $21.03 and a 12-month high of $37.32. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.68 and a quick ratio of 0.64. The stock has a market capitalization of $12.62 billion, a P/E ratio of 195.44 and a beta of 0.95.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). The firm had revenue of $4.97 billion for the quarter. Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. Research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.3 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.92%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 1,157.23%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. National Bank Financial cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 30th. BMO Capital Markets boosted their target price on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Raymond James upped their target price on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Jefferies Financial Group lowered their target price 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, TD Securities dropped their price objective on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Three 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.60.

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.