Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Tacita Capital Inc

Tacita Capital Inc cut its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,837 shares of the utilities provider’s stock after selling 5,371 shares during the quarter. Brookfield Infrastructure Partners comprises about 3.2% of Tacita Capital Inc’s holdings, making the stock its 7th largest position. Tacita Capital Inc’s holdings in Brookfield Infrastructure Partners were worth $4,497,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BIP. Citigroup Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 159.5% during the third quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider’s stock valued at $6,147,000 after purchasing an additional 107,821 shares during the period. GSA Capital Partners LLP increased its position in Brookfield Infrastructure Partners by 197.9% in the 3rd quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider’s stock valued at $2,521,000 after buying an additional 47,792 shares in the last quarter. Addenda Capital Inc. increased its position in Brookfield Infrastructure Partners by 129.5% in the 4th quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider’s stock valued at $21,632,000 after buying an additional 384,000 shares in the last quarter. FMR LLC raised its stake in Brookfield Infrastructure Partners by 87.1% during the 3rd quarter. FMR LLC now owns 24,090 shares of the utilities provider’s stock worth $844,000 after buying an additional 11,217 shares during the period. Finally, Cidel Asset Management Inc. bought a new position in Brookfield Infrastructure Partners in the fourth quarter worth approximately $272,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Down 2.3 %

Brookfield Infrastructure Partners stock opened at $31.00 on Tuesday. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The stock has a market cap of $14.39 billion, a PE ratio of 775.19 and a beta of 1.08. The firm’s 50-day simple moving average is $32.37 and its 200 day simple moving average is $33.28. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. Research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.43 dividend. This is an increase 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 5.55%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure Partners’s payout ratio is 4,300.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BIP shares. Raymond James upped their target price on 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. TD Securities lifted their price target 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. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Scotiabank lifted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 price target 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners currently has a consensus rating of “Buy” and an average 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.