Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by TIAA Trust National Association

TIAA Trust National Association cut its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,776 shares of the utilities provider’s stock after selling 500 shares during the period. TIAA Trust National Association’s holdings in Brookfield Infrastructure Partners were worth $565,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Promus Capital LLC acquired a new position in Brookfield Infrastructure Partners in the 4th quarter worth approximately $26,000. Compass Planning Associates Inc acquired a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter worth $28,000. Dunhill Financial LLC purchased a new position in shares of Brookfield Infrastructure Partners during the third quarter worth $30,000. Larson Financial Group LLC acquired a new position in Brookfield Infrastructure Partners during the fourth quarter valued at $30,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Brookfield Infrastructure Partners in the fourth quarter valued at $32,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $30.22 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. The stock has a market capitalization of $14.03 billion, a PE ratio of 755.79 and a beta of 1.10. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The company has a fifty day moving average of $31.36 and a two-hundred day moving average of $32.89.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. As a group, research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.69%. Brookfield Infrastructure Partners’s payout ratio is currently 4,300.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BIP shares. Scotiabank boosted their price objective on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday. TD Securities lifted their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Raymond James increased their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $42.50.

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.