Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. lowered its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,534,000 shares of the utilities provider’s stock after selling 604,980 shares during the period. Cibc World Market Inc. owned approximately 1.41% of Brookfield Infrastructure Partners worth $207,716,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Citigroup Inc. grew its holdings in Brookfield Infrastructure Partners by 159.5% during the third quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider’s stock worth $6,147,000 after acquiring an additional 107,821 shares during the period. GSA Capital Partners LLP grew its holdings in Brookfield Infrastructure Partners by 197.9% during the third quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider’s stock worth $2,521,000 after acquiring an additional 47,792 shares during the period. Addenda Capital Inc. grew 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 worth $21,632,000 after acquiring an additional 384,000 shares during the period. FMR LLC grew its holdings in Brookfield Infrastructure Partners by 87.1% during the third quarter. FMR LLC now owns 24,090 shares of the utilities provider’s stock worth $844,000 after acquiring an additional 11,217 shares during the period. Finally, National Bank of Canada FI grew its holdings in Brookfield Infrastructure Partners by 5.4% during the third quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock worth $89,362,000 after acquiring an additional 130,371 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Raymond James upped 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. TD Securities boosted their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $42.75.

Brookfield Infrastructure Partners Stock Up 4.5 %

Shares of NYSE:BIP opened at $33.57 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners L.P. has a 52-week low of $24.84 and a 52-week high of $36.50. The stock’s fifty day simple moving average is $32.83 and its 200-day simple moving average is $32.93. The company has a market capitalization of $15.58 billion, a P/E ratio of -88.33 and a beta of 1.07.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 0.02% and a net margin of 0.03%. As a group, equities research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.08 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 4.83%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -426.32%.

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.