Cidel Asset Management Inc. Makes New $272,000 Investment in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Cidel Asset Management Inc. purchased a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,578 shares of the utilities provider's stock, valued at approximately $272,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. grew its stake in shares of Brookfield Infrastructure Partners by 159.5% during the 3rd quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider's stock valued at $6,147,000 after purchasing an additional 107,821 shares during the period. GSA Capital Partners LLP lifted its holdings in Brookfield Infrastructure Partners by 197.9% in the 3rd quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider's stock worth $2,521,000 after purchasing an additional 47,792 shares in the last quarter. Addenda Capital Inc. lifted its holdings in Brookfield Infrastructure Partners by 129.5% in the 4th 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 in the last quarter. FMR LLC raised its holdings in shares of Brookfield Infrastructure Partners by 87.1% during the 3rd quarter. FMR LLC now owns 24,090 shares of the utilities provider's stock worth $844,000 after acquiring an additional 11,217 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Brookfield Infrastructure Partners by 5.4% during the 3rd quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider's stock worth $89,362,000 after acquiring an additional 130,371 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Price Performance

BIP traded down $0.49 during trading on Wednesday, hitting $32.62. The company's stock had a trading volume of 412,974 shares, compared to its average volume of 390,363. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50. The business's fifty day simple moving average is $32.44 and its 200 day simple moving average is $33.07. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 815.70 and a beta of 1.08.

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 for the quarter, beating 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, equities research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given 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 5.27%. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's payout ratio is currently 4,051.01%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Raymond James upped their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 30th. TD Securities increased their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Royal Bank of Canada restated an "outperform" rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. Finally, StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of "Buy" and an average price target 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.