Cbre Investment Management Listed Real Assets LLC Buys 23,374 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Cbre Investment Management Listed Real Assets LLC grew its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 710,827 shares of the utilities provider’s stock after buying an additional 23,374 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Brookfield Infrastructure Partners were worth $22,597,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 12.0% in the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider’s stock valued at $848,018,000 after purchasing an additional 2,866,195 shares in 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 valued at $140,273,000 after purchasing an additional 790,078 shares during the last quarter. Addenda Capital Inc. grew its position 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 valued at $21,632,000 after purchasing an additional 384,000 shares during the last quarter. PCJ Investment Counsel Ltd. boosted its holdings in shares of Brookfield Infrastructure Partners by 72.3% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 645,740 shares of the utilities provider’s stock valued at $22,636,000 after acquiring an additional 271,020 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at about $5,306,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Down 3.2 %

Shares of BIP stock opened at $30.02 on Wednesday. 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 firm has a market capitalization of $13.93 billion, a PE ratio of 750.56 and a beta of 1.10. Brookfield Infrastructure Partners L.P. has a 1-year low of $24.84 and a 1-year high of $36.50. The business’s fifty day moving average price is $32.33 and its 200 day moving average price is $33.27.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. As a group, sell-side analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.43 dividend. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 5.73%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 4,300.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BIP shares. Raymond James increased their price objective on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 30th. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. TD Securities raised their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Scotiabank lifted their price objective 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $42.50.

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.