CIBC Private Wealth Group LLC Has $19.50 Million Stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

CIBC Private Wealth Group LLC reduced its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 595,704 shares of the utilities provider’s stock after selling 18,298 shares during the period. CIBC Private Wealth Group LLC owned about 0.13% of Brookfield Infrastructure Partners worth $19,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BIP. Promus Capital LLC acquired a new stake in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $26,000. Compass Planning Associates Inc acquired a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at $28,000. Dunhill Financial LLC bought a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth $30,000. Larson Financial Group LLC acquired a new position in Brookfield Infrastructure Partners in the 4th quarter worth about $30,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Brookfield Infrastructure Partners in the fourth quarter valued at about $32,000. 57.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Raymond James upped their price objective on 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. TD Securities upped their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. Finally, Scotiabank lifted their target price 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. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $42.50.

Brookfield Infrastructure Partners Stock Performance

Shares of Brookfield Infrastructure Partners stock opened at $29.80 on Tuesday. 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 one year low of $24.84 and a one year high of $36.50. The business has a 50-day simple moving average of $31.30 and a 200 day simple moving average of $32.87. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 745.21 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly 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 net margin of 1.64% and a return on equity of 1.17%. On average, research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Infrastructure Partners’s payout ratio is currently 4,300.00%.

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.