58,401 Shares in Brookfield Infrastructure Partners L.P. (NYSE:BIP) Acquired by Ewing Morris & Co. Investment Partners Ltd.

Ewing Morris & Co. Investment Partners Ltd. purchased a new position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,401 shares of the utilities provider's stock, valued at approximately $1,923,000.

Other institutional investors have also modified their holdings 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 worth $848,018,000 after buying an additional 2,866,195 shares in the last quarter. Scotia Capital Inc. boosted its position in shares of Brookfield Infrastructure Partners by 2.7% during the 4th quarter. Scotia Capital Inc. now owns 6,432,381 shares of the utilities provider's stock valued at $202,492,000 after purchasing an additional 171,748 shares in the last quarter. Intact Investment Management Inc. boosted its position in shares of Brookfield Infrastructure Partners by 52.1% during the 4th quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider's stock valued at $55,477,000 after purchasing an additional 598,290 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Brookfield Infrastructure Partners by 6.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,492,480 shares of the utilities provider's stock valued at $46,978,000 after purchasing an additional 94,103 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its position in shares of Brookfield Infrastructure Partners by 5.0% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 829,187 shares of the utilities provider's stock valued at $26,337,000 after purchasing an additional 39,565 shares in the last quarter. Institutional investors own 57.92% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BIP shares. StockNews.com upgraded 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 restated an "outperform" rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. Citigroup reduced their price objective on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Raymond James raised their price objective on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 30th. Finally, Scotiabank raised their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of "Buy" and a consensus price target of $41.67.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE:BIP traded down $0.04 during trading on Wednesday, reaching $32.30. The stock had a trading volume of 217,846 shares, compared to its average volume of 445,937. Brookfield Infrastructure Partners L.P. has a 52 week low of $25.72 and a 52 week high of $36.50. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 807.70 and a beta of 1.07. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. The stock has a fifty day simple moving average of $29.21 and a two-hundred day simple moving average of $31.73.

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

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 5.33%. The ex-dividend date is Friday, May 30th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently -8,600.00%.

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.