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

Lincluden Management Ltd. decreased its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 599,739 shares of the utilities provider's stock after selling 19,569 shares during the period. Brookfield Infrastructure Partners makes up about 2.3% of Lincluden Management Ltd.'s investment portfolio, making the stock its 14th largest position. Lincluden Management Ltd. owned 0.13% of Brookfield Infrastructure Partners worth $19,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake 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 valued at $848,018,000 after acquiring an additional 2,866,195 shares during the period. Toronto Dominion Bank raised 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 valued at $140,273,000 after purchasing an additional 790,078 shares during the period. National Bank of Canada FI lifted its stake in shares of 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 purchasing an additional 130,371 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter worth about $40,286,000. Finally, Pathway Financial Advisers LLC grew its stake in shares of Brookfield Infrastructure Partners by 1,616.3% in the third quarter. Pathway Financial Advisers LLC now owns 1,079,521 shares of the utilities provider's stock valued at $37,826,000 after buying an additional 1,016,623 shares in the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

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Brookfield Infrastructure Partners Stock Down 0.3 %

NYSE BIP traded down $0.11 during trading hours on Friday, reaching $31.68. 370,073 shares of the company traded hands, compared to its average volume of 422,707. The company has a 50 day moving average of $32.39 and a two-hundred day moving average of $33.22. The stock has a market capitalization of $14.70 billion, a PE ratio of 792.20 and a beta of 1.08. 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 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 issued its quarterly 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%. As a group, equities analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given 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 is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 5.43%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently 4,300.00%.

Analyst Ratings Changes

BIP has been the topic of several recent research reports. TD Securities boosted their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Raymond James upped their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Finally, Scotiabank raised 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. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $42.50.

Brookfield Infrastructure Partners Company 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.