Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,104,907 shares of the utilities provider's stock after selling 806,298 shares during the period. CIBC Asset Management Inc owned approximately 1.32% of Brookfield Infrastructure Partners worth $193,565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BIP. Dunhill Financial LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter worth approximately $30,000. Wingate Wealth Advisors Inc. acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at $32,000. Stonebridge Financial Group LLC acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at $44,000. Truvestments Capital LLC acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $77,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $101,000. Institutional investors and hedge funds own 57.92% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on BIP. Scotiabank increased their target price on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Royal Bank of Canada reiterated an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. TD Securities increased their target price 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 raised their price objective 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. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $42.50.

Brookfield Infrastructure Partners Trading Up 0.5 %

Shares of NYSE:BIP traded up $0.17 during midday trading on Thursday, reaching $33.44. The company's stock had a trading volume of 416,172 shares, compared to its average volume of 399,072. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 836.21 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. Brookfield Infrastructure Partners L.P. has a 1 year low of $24.84 and a 1 year high of $36.50. The business has a 50 day moving average price of $32.32 and a 200 day moving average price of $33.14.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share 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%. Research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 5.14%. This is a boost from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently 4,051.01%.

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.