Advisor group inc. grows stake in brookfield infrastructure partners l.p. (bip) k electric bill

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Advisor Group Inc. lifted its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE e85 gas stations in ohio:BIP.UN) by 37.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities Exchange Commission. The institutional investor owned 20,022 shares of the utilities provider’s stock after purchasing an additional 5,456 shares during the period. Advisor Group Inc.’s holdings in Brookfield Infrastructure Partners were worth $691,000 as of its most recent filing with the Securities Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BIP. Bank of Montreal Can grew its stake in Brookfield Infrastructure Partners by 2.6% during the 4th quarter. Bank of Montreal Can now owns 16,951,223 shares of the utilities provider’s stock valued at $585,326,000 after acquiring an additional 424,158 shares in the last quarter. Capital World Investors grew its stake in Brookfield Infrastructure Partners by 4.4% during the 3rd quarter. Capital World Investors now owns 5,925,194 shares of the utilities provider’s stock valued at $236,567,000 gas upper stomach after acquiring an additional 250,000 shares in the last quarter. Toronto Dominion Bank grew its stake in Brookfield Infrastructure Partners by 16.3% during the 4th quarter. Toronto Dominion Bank now owns 4,721,316 shares of the utilities provider’s stock valued at $163,267,000 after power outage houston reliant acquiring an additional 661,628 shares in the last quarter. Connor Clark Lunn Investment Management Ltd. grew its stake in Brookfield Infrastructure Partners by 11.8% during the 3rd quarter. Connor Clark Lunn Investment Management Ltd. now owns 4,468,399 shares of the utilities provider’s stock valued at $178,273,000 after acquiring an additional 472,846 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew gas definition state of matter its stake in Brookfield Infrastructure Partners by 30.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,688,955 shares of the utilities provider’s stock valued at $147,116,000 after acquiring an additional 857,246 shares in the last quarter. 38.59% of the stock is owned by institutional investors and hedge funds. Get Brookfield Infrastructure Partners alerts:

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Wednesday, February 6th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Brookfield Infrastructure Partners had a net margin of 7.46% and a return on equity of 2.82%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $870.84 million. During the same period in the prior year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 45.1% compared to the same quarter last year. Equities analysts expect that gas x directions Brookfield Infrastructure Partners L.P. will post 3.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March gastritis 29th. Stockholders of record on Thursday, February 28th will be issued a $0.502 dividend. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.47. This represents a $2.01 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Wednesday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 340.68%.

Several equities analysts have weighed in on BIP shares. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Citigroup decreased their target price gas tax in texas on shares of Brookfield Infrastructure Partners from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, November 29th. Credit Suisse Group set a $46.00 target price on shares of Brookfield Infrastructure Partners and gave the company a “buy” rating in a report on Sunday, December 30th. Finally, Raymond James reiterated an “outperform” rating and issued a $49.00 target price on shares of Brookfield Infrastructure Partners in a report on Friday, February 8th. Three investment gas in oil causes analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $45.56.

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Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company’s Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal electricity el paso apartments in Australia.