Northwest & Ethical Investments L.P. Sells 1,869 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Northwest & Ethical Investments L.P. reduced its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 71,236 shares of the utilities provider’s stock after selling 1,869 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Brookfield Infrastructure Partners were worth $2,260,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Raymond James boosted their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. Scotiabank boosted their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, TD Securities boosted their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. One research 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 a consensus price target of $42.50.

Brookfield Infrastructure Partners Stock Performance

BIP opened at $28.70 on Friday. Brookfield Infrastructure Partners L.P. has a 52-week low of $24.84 and a 52-week high of $36.50. 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 company has a market cap of $13.32 billion, a P/E ratio of 717.55 and a beta of 1.10. The firm’s 50-day moving average price is $31.45 and its 200-day moving average price is $32.92.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted 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%. As a group, equities analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 5.99%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s dividend payout ratio is currently 4,300.00%.

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.