Cibc World Market Inc. Sells 604,980 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Cibc World Market Inc. reduced its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,534,000 shares of the utilities provider's stock after selling 604,980 shares during the quarter. Cibc World Market Inc. owned 1.41% of Brookfield Infrastructure Partners worth $207,716,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BIP. Creative Planning lifted its holdings in Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. Creative Planning now owns 67,445 shares of the utilities provider's stock worth $2,363,000 after buying an additional 389 shares during the last quarter. Insight Folios Inc grew its holdings in Brookfield Infrastructure Partners by 3.2% in the 3rd quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider's stock worth $587,000 after buying an additional 525 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of Brookfield Infrastructure Partners by 3.4% during the second quarter. EP Wealth Advisors LLC now owns 18,068 shares of the utilities provider's stock valued at $496,000 after purchasing an additional 591 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in Brookfield Infrastructure Partners during the 3rd quarter valued at $26,000. Finally, Tacita Capital Inc raised its position in Brookfield Infrastructure Partners by 0.6% in the third quarter. Tacita Capital Inc now owns 147,208 shares of the utilities provider's stock worth $5,173,000 after acquiring an additional 837 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Price Performance

NYSE:BIP traded up $0.65 during mid-day trading on Tuesday, reaching $32.68. 607,189 shares of the company were exchanged, compared to its average volume of 382,381. Brookfield Infrastructure Partners L.P. has a 12 month low of $24.84 and a 12 month high of $36.50. The stock has a market cap of $15.17 billion, a PE ratio of 818.80 and a beta of 1.08. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. The company has a fifty day moving average of $32.79 and a 200 day moving average of $32.97.

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

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 5.26%. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently 4,051.01%.

Analyst Upgrades and Downgrades

BIP has been the subject of several recent analyst reports. TD Securities raised their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday. Raymond James boosted their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 30th. 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. Finally, StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Brookfield Infrastructure Partners currently has an average rating of "Buy" and an average target price of $42.80.

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.