Avantax Planning Partners Inc. Has $546,000 Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Avantax Planning Partners Inc. cut its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,189 shares of the utilities provider’s stock after selling 540 shares during the period. Avantax Planning Partners Inc.’s holdings in Brookfield Infrastructure Partners were worth $546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in Brookfield Infrastructure Partners by 12.0% during the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider’s stock worth $848,018,000 after purchasing an additional 2,866,195 shares during the last quarter. Toronto Dominion Bank grew its position in Brookfield Infrastructure Partners by 24.6% during the 3rd quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock worth $140,273,000 after acquiring an additional 790,078 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Brookfield Infrastructure Partners during the 4th quarter worth about $22,033,000. Addenda Capital Inc. lifted its holdings in Brookfield Infrastructure Partners by 129.5% during the 4th quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider’s stock worth $21,632,000 after buying an additional 384,000 shares during the period. Finally, PCJ Investment Counsel Ltd. lifted its stake in shares of Brookfield Infrastructure Partners by 72.3% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 645,740 shares of the utilities provider’s stock valued at $22,636,000 after purchasing an additional 271,020 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Trading Up 0.1 %

NYSE BIP opened at $28.21 on Wednesday. Brookfield Infrastructure Partners L.P. has a 1 year low of $24.84 and a 1 year high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72. The company has a fifty day moving average of $32.03 and a 200 day moving average of $33.15. The company has a market capitalization of $13.09 billion, a PE ratio of 705.30 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced 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 net margin of 1.64% and a return on equity of 1.17%. Research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. 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 6.10%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 4,300.00%.

Analysts Set New Price Targets

BIP has been the subject of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. Scotiabank increased their price objective on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. TD Securities lifted their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Raymond James lifted 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, January 30th. One investment 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.