First Manhattan CO. LLC. Lowers Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

First Manhattan CO. LLC. lowered its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,035,266 shares of the utilities provider's stock after selling 47,717 shares during the period. First Manhattan CO. LLC. owned about 0.44% of Brookfield Infrastructure Partners worth $64,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position in 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. Scotia Capital Inc. raised its position in Brookfield Infrastructure Partners by 2.7% in 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. raised its position in 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 valued at $55,477,000 after purchasing an additional 598,290 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in Brookfield Infrastructure Partners by 6.7% in 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. raised its position in Brookfield Infrastructure Partners by 5.0% in 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 and hedge funds own 57.92% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Securities raised their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Raymond James raised their target price on 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. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Scotiabank raised their target price on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Citigroup cut their target price on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Two 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $41.67.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP traded down $0.02 during mid-day trading on Friday, reaching $31.91. 589,714 shares of the stock were exchanged, compared to its average volume of 443,127. The company has a 50 day simple moving average of $29.18 and a 200-day simple moving average of $31.75. The stock has a market capitalization of $14.81 billion, a P/E ratio of 797.95 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. Brookfield Infrastructure Partners L.P. has a 1 year low of $25.72 and a 1 year high of $36.50.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. The firm had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $2 billion. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. During the same quarter last year, the business posted $0.78 EPS. Analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 5.39%. Brookfield Infrastructure Partners's dividend payout ratio is presently -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.