O Shaughnessy Asset Management LLC Has $2.95 Million Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

O Shaughnessy Asset Management LLC increased its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 47.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,773 shares of the utilities provider's stock after buying an additional 29,962 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Brookfield Infrastructure Partners were worth $2,945,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Brookfield Infrastructure Partners by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider's stock valued at $834,282,000 after purchasing an additional 616,373 shares during the last quarter. FMR LLC lifted its position in shares of Brookfield Infrastructure Partners by 87.1% in the third quarter. FMR LLC now owns 24,090 shares of the utilities provider's stock valued at $844,000 after buying an additional 11,217 shares during the last quarter. Ascent Group LLC bought a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $216,000. Stifel Financial Corp increased its holdings in shares of Brookfield Infrastructure Partners by 2.0% during the 3rd quarter. Stifel Financial Corp now owns 88,198 shares of the utilities provider's stock worth $3,090,000 after acquiring an additional 1,763 shares during the last quarter. Finally, Voya Financial Advisors Inc. bought a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at $207,000. Institutional investors and hedge funds own 57.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BIP. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Raymond James lifted their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 30th. TD Securities upped their price target on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research note 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 report on Tuesday, March 25th. Finally, Scotiabank upped 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. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $42.50.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP traded up $0.84 during trading on Tuesday, reaching $27.90. The company's stock had a trading volume of 317,879 shares, compared to its average volume of 519,776. The firm has a 50 day moving average price of $30.91 and a 200 day moving average price of $32.72. 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. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 697.15 and a beta of 1.04.

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 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, equities analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company 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 represents a $1.72 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's dividend payout ratio is 4,300.00%.

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.