Pathway Financial Advisers LLC Lowers Stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Pathway Financial Advisers LLC lowered its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 97.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,981 shares of the utilities provider's stock after selling 1,048,540 shares during the period. Pathway Financial Advisers LLC's holdings in Brookfield Infrastructure Partners were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in Brookfield Infrastructure Partners by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider's stock worth $834,282,000 after buying an additional 616,373 shares during the period. Toronto Dominion Bank lifted its stake in Brookfield Infrastructure Partners by 24.6% during the 3rd quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider's stock valued at $140,273,000 after acquiring an additional 790,078 shares in the last quarter. National Bank of Canada FI increased its stake in Brookfield Infrastructure Partners by 5.4% in 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 buying an additional 130,371 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its holdings in Brookfield Infrastructure Partners by 101.0% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,587,548 shares of the utilities provider's stock worth $55,783,000 after acquiring an additional 797,649 shares during the period. Finally, Lake Street Advisors Group LLC grew its position in Brookfield Infrastructure Partners by 1.7% during the third quarter. Lake Street Advisors Group LLC now owns 1,225,263 shares of the utilities provider's stock valued at $42,933,000 after buying an additional 20,610 shares during the period. Institutional investors own 57.92% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BIP. Raymond James lifted their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 30th. Scotiabank lifted their price objective on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Thursday. 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. TD Securities lifted their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. One research 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 company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $42.50.

Brookfield Infrastructure Partners Stock Down 1.1 %

Shares of BIP stock traded down $0.35 during midday trading on Monday, reaching $32.83. 429,753 shares of the stock were exchanged, compared to its average volume of 369,484. The firm has a market cap of $15.24 billion, a PE ratio of 820.86 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. The company's 50 day moving average is $32.37 and its two-hundred day moving average is $33.10. Brookfield Infrastructure Partners L.P. has a 1 year low of $24.84 and a 1 year high of $36.50.

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 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. On average, equities research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.24%. Brookfield Infrastructure Partners's payout ratio is currently 4,051.01%.

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.