Proficio Capital Partners LLC Makes New Investment in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Proficio Capital Partners LLC acquired a new position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 166,898 shares of the utilities provider's stock, valued at approximately $5,306,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cbre Investment Management Listed Real Assets LLC increased its position in Brookfield Infrastructure Partners by 3.4% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 710,827 shares of the utilities provider's stock valued at $22,597,000 after acquiring an additional 23,374 shares during the period. Keybank National Association OH increased its position in Brookfield Infrastructure Partners by 3.5% in the 4th quarter. Keybank National Association OH now owns 37,523 shares of the utilities provider's stock valued at $1,193,000 after acquiring an additional 1,272 shares during the period. Jones Financial Companies Lllp increased its position in Brookfield Infrastructure Partners by 250.3% in the 4th quarter. Jones Financial Companies Lllp now owns 9,049 shares of the utilities provider's stock valued at $288,000 after acquiring an additional 6,466 shares during the period. Sage Investment Counsel LLC acquired a new position in Brookfield Infrastructure Partners in the 4th quarter valued at approximately $1,192,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Brookfield Infrastructure Partners in the 4th quarter valued at approximately $1,324,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

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Brookfield Infrastructure Partners Stock Down 2.3 %

BIP traded down $0.69 during trading on Thursday, hitting $28.78. 610,502 shares of the company's stock were exchanged, compared to its average volume of 418,254. The business's 50 day moving average is $31.58 and its two-hundred day moving average is $32.97. The stock has a market cap of $13.36 billion, a P/E ratio of 719.65 and a beta of 1.10. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, beating 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 fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is 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 (DPR) is 4,300.00%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BIP. Raymond James upped their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 30th. Scotiabank upped their price objective 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. TD Securities increased 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. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. One equities 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. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $42.50.

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.