Cerity Partners LLC Has $2.47 Million Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Cerity Partners LLC increased its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,555 shares of the utilities provider’s stock after purchasing an additional 3,240 shares during the quarter. Cerity Partners LLC’s holdings in Brookfield Infrastructure Partners were worth $2,474,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 71.2% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 765,686 shares of the utilities provider’s stock worth $24,266,000 after purchasing an additional 318,398 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Brookfield Infrastructure Partners by 1.1% during the third quarter. CIBC Asset Management Inc now owns 5,569,701 shares of the utilities provider’s stock worth $163,953,000 after purchasing an additional 60,510 shares during the period. Nexus Investment Management ULC boosted its holdings in shares of Brookfield Infrastructure Partners by 8.2% during the fourth quarter. Nexus Investment Management ULC now owns 1,119,440 shares of the utilities provider’s stock worth $35,393,000 after purchasing an additional 84,749 shares during the period. Raymond James & Associates raised its position in Brookfield Infrastructure Partners by 9.3% during the third quarter. Raymond James & Associates now owns 538,703 shares of the utilities provider’s stock valued at $15,838,000 after acquiring an additional 45,880 shares in the last quarter. Finally, CI Investments Inc. raised its position in Brookfield Infrastructure Partners by 0.7% during the third quarter. CI Investments Inc. now owns 2,401,781 shares of the utilities provider’s stock valued at $70,612,000 after acquiring an additional 17,569 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BIP has been the topic of several recent research reports. BMO Capital Markets raised their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, January 10th. Jefferies Financial Group cut their price objective on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday. National Bankshares lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price objective on the stock. in a research report on Tuesday, January 30th. Raymond James raised 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. Finally, TD Securities cut their price objective on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.60.

Brookfield Infrastructure Partners Trading Up 3.0 %

Shares of BIP stock opened at $26.33 on Friday. Brookfield Infrastructure Partners L.P. has a 1 year low of $21.03 and a 1 year high of $37.32. The firm’s fifty day simple moving average is $29.43 and its 200 day simple moving average is $28.68. The firm has a market capitalization of $12.15 billion, a P/E ratio of 187.73 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). Brookfield Infrastructure Partners had a return on equity of 0.79% and a net margin of 1.34%. The company had revenue of $4.97 billion for the quarter. As a group, sell-side analysts predict that Brookfield Infrastructure Partners L.P. will post 3.32 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.405 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a yield of 6.15%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. Brookfield Infrastructure Partners’s payout ratio is 1,157.23%.

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.