Blair William & Co. IL Boosts Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Blair William & Co. IL increased its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,870 shares of the utilities provider’s stock after buying an additional 2,229 shares during the period. Blair William & Co. IL’s holdings in Brookfield Infrastructure Partners were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in BIP. Addenda Capital Inc. lifted its holdings in Brookfield Infrastructure Partners by 129.5% during the fourth quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider’s stock valued at $21,632,000 after purchasing an additional 384,000 shares in the last quarter. FMR LLC lifted its stake in Brookfield Infrastructure Partners by 87.1% in the 3rd 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 in the last quarter. Cidel Asset Management Inc. acquired a new stake in Brookfield Infrastructure Partners in the 4th quarter worth about $272,000. National Bank of Canada FI increased its stake in Brookfield Infrastructure Partners by 5.4% during the 3rd quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock worth $89,362,000 after buying an additional 130,371 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Brookfield Infrastructure Partners by 53.8% during the fourth quarter. Allworth Financial LP now owns 6,861 shares of the utilities provider’s stock valued at $222,000 after acquiring an additional 2,399 shares during the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BIP. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. TD Securities upped their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Scotiabank raised their price target on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Raymond James upped their price objective on shares of 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure Partners presently has a consensus rating of “Buy” and an average price target of $42.50.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock opened at $30.29 on Thursday. The firm has a 50 day simple moving average of $31.22 and a 200-day simple moving average of $32.83. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 757.44 and a beta of 1.04. 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 L.P. has a 1-year low of $24.84 and a 1-year high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping 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, analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a $0.43 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 5.68%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s dividend payout ratio is presently 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.