Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Bought by Gold Investment Management Ltd.

Gold Investment Management Ltd. increased its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,773 shares of the utilities provider’s stock after acquiring an additional 3,259 shares during the quarter. Brookfield Infrastructure Partners makes up 1.9% of Gold Investment Management Ltd.’s portfolio, making the stock its 13th biggest position. Gold Investment Management Ltd.’s holdings in Brookfield Infrastructure Partners were worth $4,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised 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 raised its stake in Brookfield Infrastructure Partners by 24.6% during the third 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 in the last quarter. Raymond James Financial Inc. bought a new position in Brookfield Infrastructure Partners during the 4th quarter worth approximately $22,033,000. Intact Investment Management Inc. grew its position in shares of Brookfield Infrastructure Partners by 52.1% in the 4th quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider’s stock worth $55,477,000 after acquiring an additional 598,290 shares in the last quarter. Finally, Addenda Capital Inc. grew its position in shares of Brookfield Infrastructure Partners by 129.5% in the 4th quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider’s stock worth $21,632,000 after acquiring an additional 384,000 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BIP. Raymond James raised their price objective on 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. Scotiabank lifted their price target on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. TD Securities increased their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada restated 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, StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $42.50.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE:BIP opened at $28.01 on Monday. The firm’s 50 day moving average is $31.80 and its two-hundred day moving average is $33.05. The firm has a market capitalization of $13.00 billion, a P/E ratio of 700.48 and a beta of 1.10. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners L.P. has a 52 week low of $24.84 and a 52 week high of $36.50.

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

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.43 per share. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure Partners’s payout ratio is currently 4,300.00%.

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.