Brookfield Infrastructure Partners L.P. (NYSE:BIP) Stock Holdings Reduced by Tacita Capital Inc

Tacita Capital Inc lessened its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 141,837 shares of the utilities provider’s stock after selling 5,371 shares during the quarter. Brookfield Infrastructure Partners accounts for 3.2% of Tacita Capital Inc’s holdings, making the stock its 7th largest holding. Tacita Capital Inc’s holdings in Brookfield Infrastructure Partners were worth $4,497,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Compass Planning Associates Inc purchased a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at approximately $28,000. Dunhill Financial LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $30,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth $32,000. Stonebridge Financial Group LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth $44,000. Finally, Truvestments Capital LLC purchased a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth about $77,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

BIP stock opened at $31.00 on Tuesday. The firm has a market cap of $14.39 billion, a P/E ratio of 775.19 and a beta of 1.08. The firm’s fifty day moving average is $32.37 and its 200 day moving average is $33.28. 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 debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, topping 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%. Research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 5.55%. Brookfield Infrastructure Partners’s payout ratio is 4,300.00%.

Analyst Ratings Changes

BIP has been the topic of a number of recent research reports. Scotiabank increased their price objective on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Raymond James increased 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 research note on Thursday, January 30th. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. Finally, TD Securities increased their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Brookfield Infrastructure Partners currently has an average rating of “Buy” and a consensus 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.