Brookfield Infrastructure Partners L.P. (NYSE:BIP) Holdings Lifted by RE Dickinson Investment Advisors LLC

RE Dickinson Investment Advisors LLC increased its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 1.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 108,822 shares of the utilities provider’s stock after buying an additional 1,884 shares during the quarter. Brookfield Infrastructure Partners accounts for 2.0% of RE Dickinson Investment Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. RE Dickinson Investment Advisors LLC’s holdings in Brookfield Infrastructure Partners were worth $3,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of BIP. Promus Capital LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth $26,000. Compass Planning Associates Inc acquired a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at approximately $28,000. Larson Financial Group LLC acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $30,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at about $32,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at approximately $44,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on BIP shares. TD Securities upped their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Raymond James raised their price target on shares of 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. Scotiabank increased their price target 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. StockNews.com upgraded 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 reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $42.50.

Brookfield Infrastructure Partners Trading Up 2.8 %

BIP opened at $28.26 on Friday. The company has a fifty day moving average price of $30.36 and a two-hundred day moving average price of $32.49. The company has a market cap of $13.12 billion, a P/E ratio of 706.63 and a beta of 1.04. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners L.P. has a 1-year low of $24.84 and a 1-year high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. Analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 6.09%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 4,300.00%.

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.