Invesco Ltd. Has $69.69 Million Stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Invesco Ltd. decreased its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,192,250 shares of the utilities provider's stock after selling 192,184 shares during the period. Invesco Ltd. owned 0.47% of Brookfield Infrastructure Partners worth $69,692,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in 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 buying an additional 2,866,195 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter worth approximately $22,033,000. Intact Investment Management Inc. grew its holdings in Brookfield Infrastructure Partners by 52.1% in the fourth quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock valued at $55,477,000 after purchasing an additional 598,290 shares during the period. Addenda Capital Inc. increased its position in Brookfield Infrastructure Partners by 129.5% during the fourth 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 during the last quarter. Finally, Mufg Securities Canada LTD. boosted its holdings in shares of Brookfield Infrastructure Partners by 72.1% in the 4th quarter. Mufg Securities Canada LTD. now owns 704,968 shares of the utilities provider's stock valued at $22,388,000 after purchasing an additional 295,232 shares during the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. TD Securities increased their target price on shares of 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 Tuesday, March 25th. Scotiabank increased their target price 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. Finally, Raymond James boosted their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 30th. One research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $42.50.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE:BIP traded down $0.56 on Friday, reaching $27.97. 2,578,970 shares of the company traded hands, compared to its average volume of 440,842. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72. The stock has a market capitalization of $12.99 billion, a PE ratio of 699.47 and a beta of 1.04. The company's 50 day moving average is $29.89 and its 200-day moving average is $32.28. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $25.72 and a fifty-two week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, beating 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%. As a group, 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 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 dividend on an annualized basis and a dividend yield of 6.15%. Brookfield Infrastructure Partners's payout ratio is currently 4,300.00%.

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.