Brookfield Infrastructure Partners L.P. (NYSE:BIP) is Walnut Private Equity Partners LLC’s 9th Largest Position

Walnut Private Equity Partners LLC lifted its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 33.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 100,000 shares of the utilities provider’s stock after buying an additional 25,000 shares during the period. Brookfield Infrastructure Partners makes up about 1.7% of Walnut Private Equity Partners LLC’s portfolio, making the stock its 9th largest position. Walnut Private Equity Partners LLC’s holdings in Brookfield Infrastructure Partners were worth $3,179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BIP. Creative Planning lifted its stake in Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock valued at $2,363,000 after acquiring an additional 389 shares in the last quarter. Insight Folios Inc raised its holdings in shares of Brookfield Infrastructure Partners by 3.2% in the third quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider’s stock valued at $587,000 after purchasing an additional 525 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of Brookfield Infrastructure Partners by 3.4% during the second quarter. EP Wealth Advisors LLC now owns 18,068 shares of the utilities provider’s stock valued at $496,000 after purchasing an additional 591 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter worth about $26,000. Finally, Tacita Capital Inc grew its position in Brookfield Infrastructure Partners by 0.6% in the 3rd quarter. Tacita Capital Inc now owns 147,208 shares of the utilities provider’s stock worth $5,173,000 after purchasing an additional 837 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Raymond James lifted their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. TD Securities upped their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group raised their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.60.

Brookfield Infrastructure Partners Trading Up 3.9 %

Brookfield Infrastructure Partners stock opened at $33.60 on Friday. The business’s 50 day simple moving average is $32.99 and its 200 day simple moving average is $32.80. Brookfield Infrastructure Partners L.P. has a 12 month low of $24.84 and a 12 month high of $36.50. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.82%. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

Brookfield Infrastructure Partners Company 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.