Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by FIL Ltd

FIL Ltd trimmed its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,252,375 shares of the utilities provider's stock after selling 30,319 shares during the quarter. FIL Ltd owned about 0.49% of Brookfield Infrastructure Partners worth $71,577,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BIP. Triasima Portfolio Management inc. grew its position in Brookfield Infrastructure Partners by 1.1% during the 4th quarter. Triasima Portfolio Management inc. now owns 33,330 shares of the utilities provider's stock worth $1,059,000 after purchasing an additional 350 shares during the period. Avantax Advisory Services Inc. raised its position in Brookfield Infrastructure Partners by 8.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,096 shares of the utilities provider's stock valued at $257,000 after acquiring an additional 602 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in Brookfield Infrastructure Partners by 11.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,119 shares of the utilities provider's stock valued at $226,000 after acquiring an additional 707 shares during the period. Promus Capital LLC purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter worth approximately $26,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter worth approximately $28,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

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Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP traded down $0.19 during midday trading on Tuesday, reaching $28.84. 297,455 shares of the company were exchanged, compared to its average volume of 553,692. The stock has a fifty day simple moving average of $30.28 and a 200 day simple moving average of $32.43. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The stock has a market cap of $13.39 billion, a P/E ratio of 721.18 and a beta of 1.04. Brookfield Infrastructure Partners L.P. has a 1 year low of $24.84 and a 1 year high of $36.50.

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 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%. On average, research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.43 dividend. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 5.96%. Brookfield Infrastructure Partners's dividend payout ratio is 4,300.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Scotiabank upped their price target on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Raymond James increased 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. TD Securities boosted their price target 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. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target 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.