Select Equity Group L.P. Has $162.90 Million Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Select Equity Group L.P. trimmed its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 5.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,124,291 shares of the utilities provider's stock after selling 304,075 shares during the period. Select Equity Group L.P. owned 1.10% of Brookfield Infrastructure Partners worth $162,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BIP. JPMorgan Chase & Co. boosted its stake in shares of Brookfield Infrastructure Partners by 24.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,130 shares of the utilities provider's stock valued at $775,000 after buying an additional 4,281 shares during the period. UMB Bank n.a. boosted its stake in shares of Brookfield Infrastructure Partners by 8,540.8% during the 4th quarter. UMB Bank n.a. now owns 28,774 shares of the utilities provider's stock valued at $915,000 after buying an additional 28,441 shares during the period. Addenda Capital Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 129.5% during the 4th quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider's stock valued at $21,632,000 after buying an additional 384,000 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Brookfield Infrastructure Partners by 48.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,365 shares of the utilities provider's stock valued at $711,000 after buying an additional 7,318 shares during the period. Finally, Walnut Private Equity Partners LLC boosted its stake in shares of Brookfield Infrastructure Partners by 33.3% during the 4th quarter. Walnut Private Equity Partners LLC now owns 100,000 shares of the utilities provider's stock valued at $3,179,000 after buying an additional 25,000 shares during the period. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BIP shares. Citigroup decreased their target price on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th. Raymond James lifted their price objective on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 30th. Finally, TD Securities lifted their target price 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. Two 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's stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners currently has a consensus rating of "Buy" and an average price target of $41.67.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP traded down $0.15 during trading hours on Tuesday, reaching $32.84. 433,776 shares of the company traded hands, compared to its average volume of 445,912. The stock's fifty day moving average is $29.73 and its 200 day moving average is $31.66. The stock has a market cap of $15.25 billion, a P/E ratio of 821.21 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. 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 posted its earnings results on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.01. The business had revenue of $5.39 billion for the quarter, compared to analysts' expectations of $2 billion. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Equities research 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 business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given 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 dividend yield of 5.24%. Brookfield Infrastructure Partners's payout ratio is -8,600.00%.

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.