Aviso Financial Inc. Boosts Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Aviso Financial Inc. boosted its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 273,564 shares of the utilities provider's stock after buying an additional 11,695 shares during the quarter. Aviso Financial Inc. owned approximately 0.06% of Brookfield Infrastructure Partners worth $8,691,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BIP. Promus Capital LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter worth $26,000. Compass Planning Associates Inc purchased a new position in Brookfield Infrastructure Partners during the fourth quarter worth about $28,000. Dunhill Financial LLC bought a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth about $30,000. Larson Financial Group LLC purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $30,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $32,000. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Stock Performance

BIP traded down $0.21 during trading hours on Tuesday, hitting $28.68. The stock had a trading volume of 481,383 shares, compared to its average volume of 416,387. Brookfield Infrastructure Partners L.P. has a 1 year low of $24.84 and a 1 year high of $36.50. The company's fifty day simple moving average is $31.73 and its 200 day simple moving average is $33.02. The stock has a market cap of $13.31 billion, a PE ratio of 717.18 and a beta of 1.10. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72.

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Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share 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 dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 6.00%. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's dividend payout ratio is currently 4,300.00%.

Wall Street Analyst Weigh In

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

Brookfield Infrastructure Partners 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.