Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA lessened its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 44.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,459 shares of the utilities provider’s stock after selling 10,018 shares during the period. Everett Harris & Co. CA’s holdings in Brookfield Infrastructure Partners were worth $392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BIP. Lido Advisors LLC boosted its position in Brookfield Infrastructure Partners by 8.9% during the first quarter. Lido Advisors LLC now owns 3,925 shares of the utilities provider’s stock worth $259,000 after purchasing an additional 320 shares in the last quarter. Cahill Financial Advisors Inc. grew its position in shares of Brookfield Infrastructure Partners by 0.5% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 80,062 shares of the utilities provider’s stock worth $2,922,000 after acquiring an additional 362 shares in the last quarter. Toroso Investments LLC lifted its holdings in shares of Brookfield Infrastructure Partners by 2.7% in the 1st quarter. Toroso Investments LLC now owns 15,264 shares of the utilities provider’s stock worth $1,011,000 after purchasing an additional 405 shares during the last quarter. Insight Folios Inc raised its stake in Brookfield Infrastructure Partners by 3.1% during the 4th quarter. Insight Folios Inc now owns 15,591 shares of the utilities provider’s stock valued at $491,000 after acquiring an additional 470 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Brookfield Infrastructure Partners by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 59,427 shares of the utilities provider’s stock worth $2,007,000 after buying an additional 542 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analysts Set New Price Targets

BIP has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. National Bank Financial cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 30th. Jefferies Financial Group assumed coverage on Brookfield Infrastructure Partners in a research report on Tuesday, February 27th. They set a “buy” rating for the company. Raymond James boosted their price target on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Finally, TD Securities lowered their price objective on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and an average target price of $39.11.

Brookfield Infrastructure Partners Stock Up 4.1 %

Shares of NYSE BIP traded up $1.23 during trading on Thursday, hitting $31.21. 1,053,136 shares of the company traded hands, compared to its average volume of 511,303. The business’s fifty day moving average is $30.32 and its 200 day moving average is $28.98. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $21.03 and a fifty-two week high of $37.32. The firm has a market capitalization of $14.40 billion, a price-to-earnings ratio of 214.02 and a beta of 0.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.64 and a current ratio of 0.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). Brookfield Infrastructure Partners had a return on equity of 0.79% and a net margin of 1.34%. The firm had revenue of $4.97 billion during the quarter. Equities research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.32 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, February 29th will be paid a dividend of $0.405 per share. This is a boost 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 5.19%. The ex-dividend date of this dividend is Wednesday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio is presently 1,157.23%.

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 60,000 kilometers (km) of operational electricity transmission and distribution lines; 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.8 million electricity and natural gas connections; and 540,000 long-term contracted sub-metering services.