Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 374,347 shares of the utilities provider's stock after acquiring an additional 48,787 shares during the period. Northern Trust Corp owned approximately 0.08% of Brookfield Infrastructure Partners worth $11,900,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Promus Capital LLC bought a new position in Brookfield Infrastructure Partners in the 4th quarter valued at $26,000. Compass Planning Associates Inc bought a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth about $28,000. Larson Financial Group LLC purchased a new position in Brookfield Infrastructure Partners in the 4th quarter worth about $30,000. Wingate Wealth Advisors Inc. purchased a new position in Brookfield Infrastructure Partners in the 4th quarter worth about $32,000. Finally, Stonebridge Financial Group LLC bought a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Down 0.5%

NYSE BIP traded down $0.15 during trading on Tuesday, hitting $32.84. The company's stock had a trading volume of 433,776 shares, compared to its average volume of 445,006. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $25.72 and a fifty-two week high of $36.50. The company has a market cap of $15.25 billion, a PE ratio of 821.21 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72. The business's 50 day simple moving average is $29.62 and its 200-day simple moving average is $31.65.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $5.39 billion during the quarter, compared to analyst estimates of $2 billion. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. During the same period last year, the firm posted $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 business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.24%. Brookfield Infrastructure Partners's payout ratio is currently -8,600.00%.

Wall Street Analyst Weigh In

BIP has been the topic of several research reports. Royal Bank of Canada restated an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. TD Securities upped their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Scotiabank increased their target price on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Citigroup reduced 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, May 1st. Finally, Raymond James raised their price objective on 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. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $41.67.

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.