Clearbridge Investments LLC Has $37.10 Million Stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Clearbridge Investments LLC trimmed its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,167,098 shares of the utilities provider's stock after selling 15,229 shares during the period. Clearbridge Investments LLC owned approximately 0.25% of Brookfield Infrastructure Partners worth $37,102,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BIP. Principal Financial Group Inc. lifted its position in shares of Brookfield Infrastructure Partners by 12.0% in the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock worth $848,018,000 after acquiring 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. National Bank of Canada FI boosted its stake in Brookfield Infrastructure Partners by 5.4% during the third quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider's stock worth $89,362,000 after buying an additional 130,371 shares in the last quarter. Intact Investment Management Inc. increased its holdings in Brookfield Infrastructure Partners by 52.1% in the 4th quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock valued at $55,477,000 after buying an additional 598,290 shares during the period. Finally, Montrusco Bolton Investments Inc. increased its holdings in Brookfield Infrastructure Partners by 5.0% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 829,187 shares of the utilities provider's stock valued at $26,337,000 after buying an additional 39,565 shares during the period. Institutional investors and hedge funds own 57.92% of the company's stock.

Brookfield Infrastructure Partners Price Performance

Brookfield Infrastructure Partners stock traded down $1.99 on Friday, reaching $27.65. The company's stock had a trading volume of 1,042,173 shares, compared to its average volume of 423,095. The business's fifty day moving average price is $31.03 and its 200 day moving average price is $32.76. 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 company has a market cap of $12.84 billion, a price-to-earnings ratio of 691.42 and a beta of 1.04. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. Equities analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 6.22%. The ex-dividend date was Friday, February 28th. This is a boost from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's payout ratio is 4,300.00%.

Analysts Set New Price Targets

A number of research firms have recently commented on BIP. TD Securities raised their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Scotiabank upped their price objective on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. StockNews.com upgraded 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 company a "strong-buy" rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. One 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 stock. According to data from MarketBeat.com, the stock has a consensus 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.