Wells Fargo & Company MN Reduces Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Wells Fargo & Company MN lessened its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 345,823 shares of the utilities provider's stock after selling 36,382 shares during the period. Wells Fargo & Company MN owned about 0.07% of Brookfield Infrastructure Partners worth $10,994,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Triasima Portfolio Management inc. lifted its position in Brookfield Infrastructure Partners by 1.1% during the fourth quarter. Triasima Portfolio Management inc. now owns 33,330 shares of the utilities provider's stock valued at $1,059,000 after purchasing an additional 350 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 8.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,096 shares of the utilities provider's stock worth $257,000 after buying an additional 602 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Brookfield Infrastructure Partners by 11.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,119 shares of the utilities provider's stock worth $226,000 after acquiring an additional 707 shares during the period. Promus Capital LLC bought a new position in Brookfield Infrastructure Partners in the fourth quarter valued at about $26,000. Finally, Compass Planning Associates Inc purchased a new position in Brookfield Infrastructure Partners in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Price Performance

BIP traded down $0.56 during trading on Friday, hitting $27.97. 2,578,970 shares of the company traded hands, compared to its average volume of 440,842. The company has a market cap of $12.99 billion, a PE ratio of 699.47 and a beta of 1.04. Brookfield Infrastructure Partners L.P. has a 1 year low of $25.72 and a 1 year high of $36.50. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The stock's 50-day simple moving average is $29.89 and its two-hundred day simple moving average is $32.28.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted 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 return on equity of 1.17% and a net margin of 1.64%. As a group, sell-side 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.43 per share. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 6.15%. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 4,300.00%.

Wall Street Analyst Weigh In

BIP has been the subject of several recent research reports. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Raymond James upped 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 set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. 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 research note on Thursday, February 13th. Finally, TD Securities increased their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of "Buy" and an average target price 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.