820 Shares in Brookfield Infrastructure Partners L.P. (NYSE:BIP) Bought by Promus Capital LLC

Promus Capital LLC acquired a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 820 shares of the utilities provider’s stock, valued at approximately $26,000.

A number of other hedge funds have also recently modified their holdings of BIP. Principal Financial Group Inc. increased its stake in shares of Brookfield Infrastructure Partners by 12.0% in the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider’s stock worth $848,018,000 after acquiring an additional 2,866,195 shares in the last quarter. Toronto Dominion Bank grew its holdings in Brookfield Infrastructure Partners by 24.6% in the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock worth $140,273,000 after purchasing an additional 790,078 shares during the period. National Bank of Canada FI increased its stake in shares of Brookfield Infrastructure Partners by 5.4% during the third quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock valued at $89,362,000 after purchasing an additional 130,371 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 5.0% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 829,187 shares of the utilities provider’s stock valued at $26,337,000 after purchasing an additional 39,565 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Brookfield Infrastructure Partners by 3.4% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 710,827 shares of the utilities provider’s stock valued at $22,597,000 after purchasing an additional 23,374 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BIP. TD Securities upped their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. Raymond James increased their price objective on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 30th. Finally, Scotiabank raised their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $42.50.

Brookfield Infrastructure Partners Trading Down 4.5 %

Brookfield Infrastructure Partners stock opened at $28.85 on Friday. Brookfield Infrastructure Partners L.P. has a one year low of $24.84 and a one year high of $36.50. The business’s fifty day moving average is $32.23 and its 200 day moving average is $33.21. The stock has a market capitalization of $13.39 billion, a PE ratio of 721.31 and a beta of 1.10. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. On average, sell-side analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s payout ratio is 4,300.00%.

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.