Summit Trail Advisors LLC Buys Shares of 13,885 Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Summit Trail Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,885 shares of the utilities provider’s stock, valued at approximately $441,000.

Several other large investors also recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in Brookfield Infrastructure Partners by 2.7% during the third quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider’s stock valued at $834,282,000 after purchasing an additional 616,373 shares during the period. Toronto Dominion Bank lifted its position in shares of 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 buying an additional 790,078 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Brookfield Infrastructure Partners by 5.4% during the 3rd quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock worth $89,362,000 after acquiring an additional 130,371 shares during the period. Dixon Mitchell Investment Counsel Inc. increased its holdings in Brookfield Infrastructure Partners by 101.0% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,587,548 shares of the utilities provider’s stock worth $55,783,000 after acquiring an additional 797,649 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in Brookfield Infrastructure Partners by 1.7% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,225,263 shares of the utilities provider’s stock valued at $42,933,000 after acquiring an additional 20,610 shares during the period. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. TD Securities upped their price target on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Finally, Raymond James raised their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $42.80.

Brookfield Infrastructure Partners Stock Down 0.7 %

Shares of BIP opened at $33.10 on Wednesday. Brookfield Infrastructure Partners L.P. has a 1 year low of $24.84 and a 1 year high of $36.50. 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 stock has a 50 day simple moving average of $32.52 and a two-hundred day simple moving average of $33.06. The firm has a market cap of $15.36 billion, a P/E ratio of 827.71 and a beta of 1.08.

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

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.20%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio is presently 4,051.01%.

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.