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

International Assets Investment Management LLC purchased a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 61,280 shares of the utilities provider’s stock, valued at approximately $1,946,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Tritonpoint Wealth LLC bought a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter valued at approximately $4,906,000. Stratos Wealth Partners LTD. bought a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at $205,000. Walnut Private Equity Partners LLC raised its stake in shares of Brookfield Infrastructure Partners by 25.6% in the 4th quarter. Walnut Private Equity Partners LLC now owns 60,000 shares of the utilities provider’s stock valued at $1,889,000 after buying an additional 12,246 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Brookfield Infrastructure Partners by 30.3% during the 4th quarter. Venturi Wealth Management LLC now owns 9,687 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 2,252 shares in the last quarter. Finally, Addenda Capital Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at about $861,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Up 0.2 %

Shares of BIP stock opened at $30.75 on Monday. Brookfield Infrastructure Partners L.P. has a 12 month low of $21.03 and a 12 month high of $37.32. The stock has a 50-day moving average price of $28.74 and a 200 day moving average price of $28.99. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of 99.19 and a beta of 0.99.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a $0.405 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.62 annualized dividend and a dividend yield of 5.27%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 522.58%.

Analyst Ratings Changes

A number of research analysts have commented on BIP shares. Jefferies Financial Group cut their price target on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. National Bankshares cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price objective for the company. in a report on Tuesday, January 30th. StockNews.com lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. TD Securities cut their price target on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Finally, BMO Capital Markets decreased their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $38.20.

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.