Brookfield Infrastructure Partners L.P. (NYSE:BIP) Position Increased by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC boosted its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 710,827 shares of the utilities provider's stock after purchasing an additional 23,374 shares during the period. Cbre Investment Management Listed Real Assets LLC owned approximately 0.15% of Brookfield Infrastructure Partners worth $22,597,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BIP. Principal Financial Group Inc. lifted its position in Brookfield Infrastructure Partners by 12.0% in the fourth quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock worth $848,018,000 after purchasing an additional 2,866,195 shares during the period. Toronto Dominion Bank lifted its position in Brookfield Infrastructure Partners by 24.6% in the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider's stock worth $140,273,000 after purchasing an additional 790,078 shares during the period. Addenda Capital Inc. lifted its position in Brookfield Infrastructure Partners by 129.5% in the fourth quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider's stock worth $21,632,000 after purchasing an additional 384,000 shares during the period. PCJ Investment Counsel Ltd. increased its holdings in shares of Brookfield Infrastructure Partners by 72.3% in the third quarter. PCJ Investment Counsel Ltd. now owns 645,740 shares of the utilities provider's stock valued at $22,636,000 after buying an additional 271,020 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at $5,306,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

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Brookfield Infrastructure Partners Stock Down 0.7 %

Shares of BIP traded down $0.21 during mid-day trading on Friday, reaching $28.65. The company's stock had a trading volume of 885,107 shares, compared to its average volume of 472,071. The business has a fifty day moving average of $32.17 and a 200 day moving average of $33.19. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 716.33 and a beta of 1.10. Brookfield Infrastructure Partners L.P. has a 1 year low of $24.84 and a 1 year high of $36.50. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72.

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 earnings per share (EPS) for the quarter, beating 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, 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 6.00%. 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 currently 4,300.00%.

Analysts Set New Price Targets

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