Wells Fargo & Company MN Sells 36,382 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Wells Fargo & Company MN cut its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 345,823 shares of the utilities provider's stock after selling 36,382 shares during the period. Wells Fargo & Company MN owned 0.07% of Brookfield Infrastructure Partners worth $10,994,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BIP. Principal Financial Group Inc. increased its position in 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 valued at $848,018,000 after purchasing an additional 2,866,195 shares during the period. Intact Investment Management Inc. raised its stake in Brookfield Infrastructure Partners by 52.1% in the fourth quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock worth $55,477,000 after buying an additional 598,290 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in Brookfield Infrastructure Partners by 5.0% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 829,187 shares of the utilities provider's stock worth $26,337,000 after buying an additional 39,565 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its position in Brookfield Infrastructure Partners by 3.4% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 710,827 shares of the utilities provider's stock valued at $22,597,000 after acquiring an additional 23,374 shares in the last quarter. Finally, Mufg Securities Canada LTD. raised its position in shares of Brookfield Infrastructure Partners by 72.1% in the 4th quarter. Mufg Securities Canada LTD. now owns 704,968 shares of the utilities provider's stock worth $22,388,000 after acquiring an additional 295,232 shares in the last quarter. Institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Down 2.0 %

Shares of NYSE:BIP traded down $0.56 during trading on Friday, reaching $27.97. 2,578,970 shares of the stock traded hands, compared to its average volume of 440,656. The stock has a market cap of $12.99 billion, a P/E ratio of 699.47 and a beta of 1.04. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. The stock has a 50-day moving average of $29.89 and a two-hundred day moving average of $32.26. Brookfield Infrastructure Partners L.P. has a 52-week low of $25.72 and a 52-week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its 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%. As a group, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a $0.43 dividend. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 6.15%. Brookfield Infrastructure Partners's payout ratio is 4,300.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Scotiabank upped their price target on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Royal Bank of Canada reiterated an "outperform" rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. TD Securities boosted 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. Finally, Raymond James raised their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $42.50.

Brookfield Infrastructure Partners 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.