Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by TIAA Trust National Association

TIAA Trust National Association lessened its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,776 shares of the utilities provider’s stock after selling 500 shares during the period. TIAA Trust National Association’s holdings in Brookfield Infrastructure Partners were worth $565,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 2.7% in the third quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider’s stock valued at $834,282,000 after purchasing an additional 616,373 shares during the last quarter. Citigroup Inc. grew its holdings in Brookfield Infrastructure Partners by 159.5% in the 3rd quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider’s stock valued at $6,147,000 after buying an additional 107,821 shares in the last quarter. FMR LLC increased its stake in shares of Brookfield Infrastructure Partners by 87.1% in the 3rd 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 last quarter. Hyperion Capital Advisors LP boosted its position in shares of Brookfield Infrastructure Partners by 9.1% during the 3rd quarter. Hyperion Capital Advisors LP now owns 96,019 shares of the utilities provider’s stock valued at $3,365,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at about $2,566,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Up 0.2 %

BIP opened at $30.22 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. The firm has a market cap of $14.03 billion, a P/E ratio of 755.79 and a beta of 1.10. Brookfield Infrastructure Partners L.P. has a 52 week low of $24.84 and a 52 week high of $36.50. The business has a fifty day simple moving average of $31.36 and a 200-day simple moving average of $32.89.

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

Brookfield Infrastructure Partners Increases Dividend

The firm 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 $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.69%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s payout ratio is 4,300.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BIP shares. TD Securities lifted 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. Scotiabank lifted their price target on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday. Raymond James lifted their target price on 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. Finally, StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.