Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,692,499 shares of the utilities provider's stock after selling 1,243,895 shares during the period. Royal Bank of Canada owned 9.84% of Brookfield Infrastructure Partners worth $1,452,565,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BIP. Principal Financial Group Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 12.0% during the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock worth $848,018,000 after purchasing an additional 2,866,195 shares during the period. Raymond James Financial Inc. acquired a new position in Brookfield Infrastructure Partners during the fourth quarter valued at approximately $22,033,000. Guardian Capital LP acquired a new position in Brookfield Infrastructure Partners during the fourth quarter valued at approximately $21,099,000. Intact Investment Management Inc. lifted its position in Brookfield Infrastructure Partners by 52.1% during the fourth quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock valued at $55,477,000 after buying an additional 598,290 shares in the last quarter. Finally, Addenda Capital Inc. lifted its position in Brookfield Infrastructure Partners by 129.5% during the fourth quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider's stock valued at $21,632,000 after buying an additional 384,000 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BIP shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. Scotiabank upped their price target on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Raymond James upped their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 30th. TD Securities upped their price target on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure Partners presently has a consensus rating of "Buy" and an average price target of $41.67.

Brookfield Infrastructure Partners Stock Up 0.3%

NYSE:BIP traded up $0.11 on Monday, reaching $33.00. The stock had a trading volume of 161,634 shares, compared to its average volume of 445,051. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The company has a 50-day moving average of $29.62 and a 200 day moving average of $31.65. The stock has a market cap of $15.32 billion, a P/E ratio of 825.21 and a beta of 1.07. Brookfield Infrastructure Partners L.P. has a 12-month low of $25.72 and a 12-month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its earnings results on Wednesday, April 30th. The utilities provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. The company had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the business posted $0.78 EPS. On average, research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 5.21%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is -8,600.00%.

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.