Connor Clark & Lunn Investment Management Ltd. Decreases Stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,383,704 shares of the utilities provider's stock after selling 320,626 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.51% of Brookfield Infrastructure Partners worth $75,653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Citigroup Inc. increased its stake in Brookfield Infrastructure Partners by 159.5% in the third quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider's stock worth $6,147,000 after purchasing an additional 107,821 shares during the period. Addenda Capital Inc. increased its stake 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 buying an additional 384,000 shares during the period. FMR LLC increased its stake in Brookfield Infrastructure Partners by 87.1% in the 3rd quarter. FMR LLC now owns 24,090 shares of the utilities provider's stock worth $844,000 after buying an additional 11,217 shares during the period. Cidel Asset Management Inc. bought a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at about $272,000. Finally, National Bank of Canada FI boosted its position in Brookfield Infrastructure Partners by 5.4% in the 3rd quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider's stock valued at $89,362,000 after buying an additional 130,371 shares during the period. Hedge funds and other institutional investors own 57.92% of the company's stock.

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Brookfield Infrastructure Partners Stock Up 1.8 %

BIP stock traded up $0.49 during trading on Friday, reaching $28.01. 560,110 shares of the company traded hands, compared to its average volume of 415,323. The business has a 50 day simple moving average of $31.80 and a 200 day simple moving average of $33.04. Brookfield Infrastructure Partners L.P. has a 12 month low of $24.84 and a 12 month high of $36.50. 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 capitalization of $13.00 billion, a price-to-earnings ratio of 700.48 and a beta of 1.10.

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

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.14%. Brookfield Infrastructure Partners's dividend payout ratio is presently 4,300.00%.

Wall Street Analyst Weigh In

BIP has been the subject of several research analyst reports. TD Securities lifted their price target on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Raymond James lifted their target price 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. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Royal Bank of Canada restated an "outperform" rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. Finally, Scotiabank upped their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. 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. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $42.50.

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.