Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 136.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,919,094 shares of the utilities provider’s stock after buying an additional 1,106,910 shares during the quarter. Brookfield Infrastructure Partners comprises approximately 2.4% of Intact Investment Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Intact Investment Management Inc. owned about 0.42% of Brookfield Infrastructure Partners worth $60,484,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rational Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $39,000. LWM Advisory Services LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $48,000. CWM LLC grew its position 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 buying 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 stake in shares of Brookfield Infrastructure Partners during the 4th quarter worth approximately $190,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Down 0.8 %

BIP traded down $0.22 during trading on Friday, reaching $27.14. The company had a trading volume of 240,627 shares, compared to its average volume of 517,182. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.68 and a quick ratio of 0.64. Brookfield Infrastructure Partners L.P. has a 12 month low of $21.03 and a 12 month high of $37.32. The business’s fifty day moving average price is $28.91 and its 200 day moving average price is $28.66. The company has a market cap of $12.52 billion, a P/E ratio of 193.87 and a beta of 0.95.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). The business had revenue of $4.97 billion during the quarter. Brookfield Infrastructure Partners had a return on equity of 0.79% and a net margin of 1.34%. Equities analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.3 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.97%. 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 currently 1,157.23%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BIP shares. National Bank Financial lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, January 30th. National Bankshares lowered 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 note on Tuesday, January 30th. Raymond James lifted their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. TD Securities reduced 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 note on Friday, February 2nd. Finally, Jefferies Financial Group reduced 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 note on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and a consensus price target of $38.60.

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.