Brookfield Infrastructure Partners LP $BIP Position Boosted by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,395,384 shares of the utilities provider’s stock after buying an additional 29,750 shares during the period. Brookfield Infrastructure Partners makes up approximately 2.4% of Intact Investment Management Inc.’s portfolio, making the stock its 9th biggest holding. Intact Investment Management Inc.’s holdings in Brookfield Infrastructure Partners were worth $83,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BIP. Laurel Wealth Advisors LLC purchased a new position in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $42,000. Westfuller Advisors LLC purchased a new position in Brookfield Infrastructure Partners in the third quarter valued at approximately $44,000. Assetmark Inc. lifted its stake in Brookfield Infrastructure Partners by 544.1% in the fourth quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 1,061 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Brookfield Infrastructure Partners by 45.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 436 shares during the last quarter. Finally, Concord Wealth Partners purchased a new position in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Up 0.1%

Shares of BIP stock opened at $36.20 on Monday. The company’s fifty day simple moving average is $36.93 and its two-hundred day simple moving average is $35.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.75. Brookfield Infrastructure Partners LP has a 1 year low of $29.63 and a 1 year high of $40.32. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 54.85 and a beta of 1.03.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.62. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. The business had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. As a group, analysts anticipate that Brookfield Infrastructure Partners LP will post 3.63 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.82 dividend on an annualized basis and a yield of 5.0%. Brookfield Infrastructure Partners’s payout ratio is presently 275.76%.

Analyst Ratings Changes

BIP has been the topic of several research analyst reports. TD Securities reiterated a “buy” rating and issued a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Morgan Stanley upgraded Brookfield Infrastructure Partners from an “equal weight” rating to an “overweight” rating and set a $45.00 price objective on the stock in a research note on Monday, March 23rd. Royal Bank Of Canada upped their price objective on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. TD Cowen reiterated a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Finally, Weiss Ratings downgraded Brookfield Infrastructure Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Brookfield Infrastructure Partners presently has a consensus rating of “Moderate Buy” and an average price target of $43.71.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.