LPL Financial LLC Has $5.06 Million Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

LPL Financial LLC raised its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159,094 shares of the utilities provider's stock after purchasing an additional 12,492 shares during the quarter. LPL Financial LLC's holdings in Brookfield Infrastructure Partners were worth $5,058,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BIP. Guardian Partners Inc. bought a new stake in Brookfield Infrastructure Partners during the fourth quarter worth about $3,237,000. MRP Capital Investments LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 20.6% in the 4th quarter. MRP Capital Investments LLC now owns 19,750 shares of the utilities provider's stock valued at $628,000 after buying an additional 3,375 shares during the last quarter. Gold Investment Management Ltd. grew its stake in shares of Brookfield Infrastructure Partners by 2.3% in the fourth quarter. Gold Investment Management Ltd. now owns 143,773 shares of the utilities provider's stock valued at $4,568,000 after buying an additional 3,259 shares in the last quarter. Intact Investment Management Inc. increased its holdings in Brookfield Infrastructure Partners by 52.1% during the fourth quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock worth $55,477,000 after buying an additional 598,290 shares during the last quarter. Finally, Aviso Financial Inc. raised its position in Brookfield Infrastructure Partners by 4.5% during the fourth quarter. Aviso Financial Inc. now owns 273,564 shares of the utilities provider's stock worth $8,691,000 after acquiring an additional 11,695 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Scotiabank raised their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Raymond James increased their price target on 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 objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. TD Securities raised 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 note on Monday, February 3rd. Finally, StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $42.50.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP traded up $0.78 during mid-day trading on Friday, reaching $28.26. 570,124 shares of the company's stock were exchanged, compared to its average volume of 434,861. Brookfield Infrastructure Partners L.P. has a one year low of $24.84 and a one year 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 business's fifty day simple moving average is $30.36 and its two-hundred day simple moving average is $32.48. The firm has a market capitalization of $13.12 billion, a PE ratio of 706.63 and a beta of 1.04.

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 net margin of 1.64% and a return on equity of 1.17%. 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 business also recently announced 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 a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Infrastructure Partners's dividend payout ratio is 4,300.00%.

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.