Guardian Capital LP Purchases Shares of 664,287 Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Guardian Capital LP purchased a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 664,287 shares of the utilities provider's stock, valued at approximately $21,099,000. Guardian Capital LP owned approximately 0.14% of Brookfield Infrastructure Partners at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Brookfield Infrastructure Partners by 12.0% in the fourth quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock worth $848,018,000 after acquiring an additional 2,866,195 shares in the last quarter. Scotia Capital Inc. raised its holdings 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 buying an additional 171,748 shares in the last quarter. Intact Investment Management Inc. lifted 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 worth $55,477,000 after buying an additional 598,290 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings 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 during the last quarter. Finally, Montrusco Bolton Investments Inc. increased its holdings in shares of 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. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Trading Down 0.8 %

BIP traded down $0.26 during trading on Monday, reaching $30.72. The company had a trading volume of 190,794 shares, compared to its average volume of 443,503. 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 business has a 50 day simple moving average of $29.15 and a 200-day simple moving average of $31.90. The stock has a market cap of $14.26 billion, a P/E ratio of 768.32 and a beta of 1.07. 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 issued 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 net margin of 1.64% and a return on equity of 1.17%. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 5.60%. Brookfield Infrastructure Partners's dividend payout ratio is presently -8,600.00%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BIP shares. Citigroup lowered their price target on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday. Raymond James raised their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 30th. TD Securities upped their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $41.67.

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.