Virtu Financial LLC trimmed its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 45.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,607 shares of the utilities provider’s stock after selling 5,410 shares during the quarter. Virtu Financial LLC’s holdings in Brookfield Infrastructure Partners were worth $296,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of BIP. The Manufacturers Life Insurance Company boosted its holdings in Brookfield Infrastructure Partners by 73.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,727,514 shares of the utilities provider’s stock valued at $167,030,000 after purchasing an additional 1,577,649 shares during the last quarter. Atlantic Trust Group LLC boosted its holdings in Brookfield Infrastructure Partners by 10,420.1% in the 3rd quarter. Atlantic Trust Group LLC now owns 1,420,635 shares of the utilities provider’s stock valued at $61,287,000 after purchasing an additional 1,407,131 shares during the last quarter. TD Asset Management Inc. boosted its holdings in Brookfield Infrastructure Partners by 13.6% in the 3rd quarter. TD Asset Management Inc. now owns 9,884,891 shares of the utilities provider’s stock valued at $425,408,000 after purchasing an additional 1,183,668 shares during the last quarter. Picton Mahoney Asset Management boosted its holdings in Brookfield Infrastructure Partners by 3,652.2% in the 4th quarter. Picton Mahoney Asset Management now owns 776,700 shares of the utilities provider’s stock valued at $43,789,000 after purchasing an additional 756,000 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its holdings in Brookfield Infrastructure Partners by 68.2% in the 4th quarter. CIBC World Markets Inc. now owns 1,396,350 shares of the utilities provider’s stock valued at $62,570,000 after purchasing an additional 566,112 shares during the last quarter. Institutional investors own 37.38% of the company’s stock.
Several equities analysts have weighed in on the stock. CIBC assumed coverage on shares of Brookfield Infrastructure Partners in a report on Friday, March 16th. They issued a “sector outperform” rating and a $47.00 target price on the stock. Scotiabank set a $46.75 target price on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a report on Monday, February 12th. National Bank Financial decreased their target price on shares of Brookfield Infrastructure Partners from $48.00 to $46.50 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. BMO Capital Markets set a $47.00 price target on shares of Brookfield Infrastructure Partners and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research downgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $47.20.
Brookfield Infrastructure Partners stock opened at $41.60 on Friday. The company has a market capitalization of $14,400.52, a PE ratio of 27.55, a P/E/G ratio of 1.18 and a beta of 0.96. Brookfield Infrastructure Partners L.P. has a 1 year low of $37.54 and a 1 year high of $46.88. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 0.75.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Friday, February 9th. The utilities provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.46). Brookfield Infrastructure Partners had a return on equity of 1.29% and a net margin of 1.95%. The business had revenue of $984.00 million for the quarter, compared to analysts’ expectations of $942.00 million. research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, February 28th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 4.52%. The ex-dividend date was Tuesday, February 27th. Brookfield Infrastructure Partners’s payout ratio is currently 124.50%.
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Brookfield Infrastructure Partners Company Profile
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).
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