National Bank of Canada FI Has $77.92 Million Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

National Bank of Canada FI cut its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,512,391 shares of the utilities provider's stock after selling 70,082 shares during the period. National Bank of Canada FI owned about 0.55% of Brookfield Infrastructure Partners worth $77,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Rational Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at about $39,000. LWM Advisory Services LLC purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth approximately $48,000. CWM LLC grew its stake in shares of Brookfield Infrastructure Partners by 33.7% during the 4th quarter. CWM LLC now owns 2,986 shares of the utilities provider's stock worth $94,000 after purchasing an additional 753 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $182,000. Finally, Anchor Investment Management LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $190,000. 57.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on BIP. StockNews.com lowered shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Friday. BMO Capital Markets reduced their price target on Brookfield Infrastructure Partners from $40.00 to $36.00 and set an "outperform" rating for the company in a report on Thursday. TD Securities lowered their price target on 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. Raymond James boosted their price objective on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a "strong-buy" rating in a research report on Friday, February 2nd. Finally, Jefferies Financial Group decreased their target price on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.20.

Brookfield Infrastructure Partners Trading Up 3.0 %

Shares of BIP stock traded up $0.84 on Friday, reaching $29.28. 472,990 shares of the stock were exchanged, compared to its average volume of 541,856. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 94.45 and a beta of 0.99. Brookfield Infrastructure Partners L.P. has a twelve month low of $21.03 and a twelve month high of $37.32. The business's 50 day moving average price is $28.56 and its 200 day moving average price is $28.73.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.99). Brookfield Infrastructure Partners had a net margin of 2.05% and a return on equity of 1.23%. The firm had revenue of $4.97 billion during the quarter. Equities research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.29 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Infrastructure Partners's dividend payout ratio is currently 522.58%.

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.