41,657 Shares in Brookfield Infrastructure Partners L.P. (NYSE:BIP) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 41,657 shares of the utilities provider's stock, valued at approximately $1,324,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. K.J. Harrison & Partners Inc boosted its holdings in shares of Brookfield Infrastructure Partners by 44.8% in the 4th quarter. K.J. Harrison & Partners Inc now owns 24,245 shares of the utilities provider's stock worth $772,000 after acquiring an additional 7,500 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of Brookfield Infrastructure Partners by 40.6% in the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 36,245 shares of the utilities provider's stock worth $1,152,000 after acquiring an additional 10,465 shares in the last quarter. Compass Planning Associates Inc bought a new position in Brookfield Infrastructure Partners in the 4th quarter worth approximately $28,000. Summerhill Capital Management lnc. raised its position in Brookfield Infrastructure Partners by 2.9% in the 4th quarter. Summerhill Capital Management lnc. now owns 318,162 shares of the utilities provider's stock worth $10,114,000 after purchasing an additional 8,913 shares during the last quarter. Finally, Cumberland Partners Ltd bought a new position in Brookfield Infrastructure Partners in the 4th quarter worth approximately $228,000. 57.92% of the stock is owned by institutional investors and hedge funds.

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Brookfield Infrastructure Partners Trading Down 0.7 %

Shares of Brookfield Infrastructure Partners stock traded down $0.21 on Friday, hitting $28.65. 885,107 shares of the company's stock traded hands, compared to its average volume of 472,071. The firm's 50-day moving average price is $32.17 and its two-hundred day moving average price is $33.19. The stock has a market capitalization of $13.30 billion, a PE ratio of 716.33 and a beta of 1.10. 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 current ratio of 0.08 and a quick ratio of 0.72.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.82 EPS 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%. On average, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.00%. This is a boost from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's dividend payout ratio is currently 4,300.00%.

Analyst Upgrades and Downgrades

BIP has been the subject of several research analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. Scotiabank boosted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. TD Securities boosted their price objective 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. Finally, Raymond James boosted their price objective on shares of 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 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 stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners has an average rating of "Buy" and a consensus price target 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.