Proficio Capital Partners LLC Makes New $5.31 Million Investment in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Proficio Capital Partners LLC bought a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN in the fourth quarter, according to its most recent filing with the SEC. The firm bought 166,898 shares of the utilities provider's stock, valued at approximately $5,306,000.

Several other large investors also recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth $1,324,000. K.J. Harrison & Partners Inc raised its stake in Brookfield Infrastructure Partners by 44.8% in the 4th quarter. K.J. Harrison & Partners Inc now owns 24,245 shares of the utilities provider's stock worth $772,000 after acquiring an additional 7,500 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its position in Brookfield Infrastructure Partners by 40.6% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 36,245 shares of the utilities provider's stock worth $1,152,000 after acquiring an additional 10,465 shares during the period. Compass Planning Associates Inc acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter worth about $28,000. Finally, Summerhill Capital Management lnc. grew its stake in Brookfield Infrastructure Partners by 2.9% during the 4th quarter. Summerhill Capital Management lnc. now owns 318,162 shares of the utilities provider's stock valued at $10,114,000 after purchasing an additional 8,913 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company's stock.

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Brookfield Infrastructure Partners Price Performance

Brookfield Infrastructure Partners stock traded down $0.21 during trading on Friday, reaching $28.65. The company had a trading volume of 842,945 shares, compared to its average volume of 470,657. The firm has a market capitalization of $13.30 billion, a PE ratio of 716.33 and a beta of 1.10. The firm's 50-day simple moving average is $32.23 and its 200 day simple moving average is $33.21. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. Brookfield Infrastructure Partners L.P. has a 1-year low of $24.84 and a 1-year high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.00%. This is a boost from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's dividend payout ratio is presently 4,300.00%.

Analysts Set New Price Targets

A number of research firms recently commented on BIP. Raymond James lifted their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 30th. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Scotiabank raised their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. TD Securities boosted their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $42.50.

About Brookfield Infrastructure Partners

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.