Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 3.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 595,704 shares of the utilities provider's stock after selling 18,298 shares during the period. CIBC Private Wealth Group LLC owned 0.13% of Brookfield Infrastructure Partners worth $19,503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blair William & Co. IL grew its position in Brookfield Infrastructure Partners by 6.8% during the fourth quarter. Blair William & Co. IL now owns 34,870 shares of the utilities provider's stock valued at $1,109,000 after acquiring an additional 2,229 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Brookfield Infrastructure Partners by 35.0% in the 4th quarter. JPMorgan Chase & Co. now owns 29,872 shares of the utilities provider's stock valued at $950,000 after purchasing an additional 7,742 shares in the last quarter. Mufg Securities Canada LTD. grew its holdings in shares of Brookfield Infrastructure Partners by 72.1% during the 4th quarter. Mufg Securities Canada LTD. now owns 704,968 shares of the utilities provider's stock worth $22,388,000 after purchasing an additional 295,232 shares during the period. LPL Financial LLC increased its position in Brookfield Infrastructure Partners by 8.5% during the 4th quarter. LPL Financial LLC now owns 159,094 shares of the utilities provider's stock worth $5,058,000 after purchasing an additional 12,492 shares in the last quarter. Finally, Guardian Partners Inc. purchased a new position in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $3,237,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Scotiabank increased 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 raised their price objective 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. Finally, Raymond James raised 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. One investment 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $42.50.

Brookfield Infrastructure Partners Stock Down 6.7 %

Shares of BIP stock traded down $1.99 during mid-day trading on Friday, reaching $27.65. 1,042,173 shares of the company were exchanged, compared to its average volume of 423,095. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. The business's 50 day simple moving average is $31.03 and its 200 day simple moving average is $32.76. The company has a market capitalization of $12.84 billion, a P/E ratio of 691.42 and a beta of 1.04. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50.

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

Brookfield Infrastructure Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.43 per share. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 6.22%. Brookfield Infrastructure Partners's payout ratio is 4,300.00%.

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.