National Bank of Canada FI Reduces Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

National Bank of Canada FI lowered its stake in 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,512,391 shares of the utilities provider’s stock after selling 70,082 shares during the period. National Bank of Canada FI owned approximately 0.55% of Brookfield Infrastructure Partners worth $77,917,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Rational Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth approximately $39,000. LWM Advisory Services LLC bought a new position in Brookfield Infrastructure Partners during the third quarter valued at $48,000. CWM LLC raised its stake in shares of Brookfield Infrastructure Partners by 33.7% in the fourth quarter. CWM LLC now owns 2,986 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 753 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter worth about $182,000. Finally, Anchor Investment Management LLC purchased a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth about $190,000. 57.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on BIP. TD Securities decreased their price target on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. BMO Capital Markets cut their price target on shares of Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday. Raymond James boosted their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. National Bankshares lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 target price on the stock. in a research report on Tuesday, January 30th. Finally, Jefferies Financial Group lowered their price target on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.20.

Brookfield Infrastructure Partners Trading Up 3.0 %

Shares of NYSE:BIP traded up $0.84 on Friday, reaching $29.28. The company had a trading volume of 472,990 shares, compared to its average volume of 541,856. Brookfield Infrastructure Partners L.P. has a 52-week low of $21.03 and a 52-week high of $37.32. The firm’s 50 day simple moving average is $28.56 and its 200-day simple moving average is $28.70. The firm has a market capitalization of $13.51 billion, a PE ratio of 94.45 and a beta of 0.99.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). The business had revenue of $4.97 billion during the quarter. Brookfield Infrastructure Partners had a return on equity of 1.23% and a net margin of 2.05%. As a group, equities research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.29 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.405 per share. The ex-dividend date is Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.53%. Brookfield Infrastructure Partners’s payout ratio is currently 522.58%.

Brookfield Infrastructure Partners 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.