International Assets Investment Management LLC Buys Shares of 61,280 Brookfield Infrastructure Partners L.P. (NYSE:BIP)

International Assets Investment Management LLC bought a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 61,280 shares of the utilities provider's stock, valued at approximately $1,946,000.

Other large investors have also recently bought and sold shares of the company. Bank of Nova Scotia raised its holdings in Brookfield Infrastructure Partners by 413.9% during the third quarter. Bank of Nova Scotia now owns 4,278,411 shares of the utilities provider's stock worth $125,557,000 after purchasing an additional 3,445,832 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Brookfield Infrastructure Partners by 11.7% during the third quarter. Principal Financial Group Inc. now owns 16,337,632 shares of the utilities provider's stock worth $480,326,000 after purchasing an additional 1,714,740 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Brookfield Infrastructure Partners by 8.3% during the third quarter. The Manufacturers Life Insurance Company now owns 17,876,978 shares of the utilities provider's stock worth $525,947,000 after purchasing an additional 1,362,482 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in Brookfield Infrastructure Partners by 6.3% during the fourth quarter. 1832 Asset Management L.P. now owns 15,750,231 shares of the utilities provider's stock worth $488,100,000 after purchasing an additional 938,006 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Brookfield Infrastructure Partners by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,344,597 shares of the utilities provider's stock worth $420,203,000 after buying an additional 685,194 shares during the last quarter. Institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Up 3.3 %

Shares of NYSE:BIP traded up $0.88 during trading on Friday, reaching $27.16. 486,941 shares of the company traded hands, compared to its average volume of 519,108. The firm has a fifty day simple moving average of $29.27 and a 200 day simple moving average of $28.68. The firm has a market cap of $12.53 billion, a P/E ratio of 194.01 and a beta of 0.95. Brookfield Infrastructure Partners L.P. has a 1-year low of $21.03 and a 1-year high of $37.32. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.20.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.99). Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. The company had revenue of $4.97 billion for the quarter. Analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.3 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Wednesday, February 28th. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.38. Brookfield Infrastructure Partners's payout ratio is presently 1,157.23%.

Wall Street Analysts Forecast Growth

BIP has been the topic of several recent research reports. BMO Capital Markets lifted their price target on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 10th. TD Securities lowered their price objective on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a "buy" rating on the stock in a research report on Friday, February 2nd. Jefferies Financial Group lowered their price objective on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday. National Bankshares cut shares of Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating and set a $32.00 price objective on the stock. in a research report on Tuesday, January 30th. Finally, National Bank Financial cut shares of Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $38.60.

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.