Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC reduced its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,182,388 shares of the utilities provider's stock after selling 42,875 shares during the period. Brookfield Infrastructure Partners comprises 1.7% of Lake Street Advisors Group LLC's portfolio, making the stock its 14th biggest position. Lake Street Advisors Group LLC owned about 0.25% of Brookfield Infrastructure Partners worth $37,588,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Citigroup Inc. lifted 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 worth $6,147,000 after acquiring an additional 107,821 shares during the last quarter. GSA Capital Partners LLP raised its position in Brookfield Infrastructure Partners by 197.9% during the 3rd quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider's stock valued at $2,521,000 after purchasing an additional 47,792 shares in the last quarter. Addenda Capital Inc. raised its position in Brookfield Infrastructure Partners by 129.5% during the 4th quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider's stock valued at $21,632,000 after purchasing an additional 384,000 shares in the last quarter. FMR LLC raised its position in Brookfield Infrastructure Partners by 87.1% during the 3rd quarter. FMR LLC now owns 24,090 shares of the utilities provider's stock valued at $844,000 after purchasing an additional 11,217 shares in the last quarter. Finally, National Bank of Canada FI raised its position in 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 valued at $89,362,000 after purchasing an additional 130,371 shares in the last quarter. 57.92% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. 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. TD Securities lifted their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. Scotiabank lifted their target price on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. One investment 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 company's stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of "Buy" and an average target price of $42.50.

Brookfield Infrastructure Partners Stock Down 0.3 %

Shares of NYSE:BIP traded down $0.11 on Friday, reaching $31.68. The company had a trading volume of 370,073 shares, compared to its average volume of 422,707. Brookfield Infrastructure Partners L.P. has a 52-week low of $24.84 and a 52-week high of $36.50. The firm's 50 day simple moving average is $32.39 and its 200-day simple moving average is $33.23. The firm has a market capitalization of $14.70 billion, a PE ratio of 792.20 and a beta of 1.08. 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 (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) 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 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 5.43%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure Partners's dividend 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.