Brookfield Infrastructure Partners LP $BIP Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lowered its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 10.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 530,720 shares of the utilities provider’s stock after selling 59,789 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Brookfield Infrastructure Partners were worth $17,744,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Brookfield Infrastructure Partners by 947.1% during the 1st quarter. GAMMA Investing LLC now owns 9,026 shares of the utilities provider’s stock worth $269,000 after acquiring an additional 8,164 shares during the period. Addenda Capital Inc. lifted its position in Brookfield Infrastructure Partners by 13.5% during the 2nd quarter. Addenda Capital Inc. now owns 704,591 shares of the utilities provider’s stock worth $23,604,000 after acquiring an additional 83,770 shares during the period. Value Partners Investments Inc. raised its stake in shares of Brookfield Infrastructure Partners by 99.5% during the 2nd quarter. Value Partners Investments Inc. now owns 47,294 shares of the utilities provider’s stock valued at $1,581,000 after buying an additional 23,582 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Brookfield Infrastructure Partners by 565.6% during the 1st quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider’s stock valued at $68,000 after buying an additional 1,906 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Brookfield Infrastructure Partners during the 1st quarter valued at about $320,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analyst Ratings Changes

BIP has been the subject of a number of recent research reports. National Bank Financial upgraded Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Wall Street Zen lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday, September 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a research note on Wednesday, October 8th. National Bankshares set a $35.00 price objective on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Friday, September 26th. Finally, Royal Bank Of Canada set a $40.00 price objective on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Wednesday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.14.

Brookfield Infrastructure Partners Price Performance

Shares of Brookfield Infrastructure Partners stock opened at $34.35 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.66. Brookfield Infrastructure Partners LP has a twelve month low of $25.72 and a twelve month high of $36.50. The business has a 50-day moving average price of $31.45 and a 200 day moving average price of $31.50. The firm has a market cap of $15.92 billion, a PE ratio of 687.14 and a beta of 1.16.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. Brookfield Infrastructure Partners’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts predict that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, August 29th. Brookfield Infrastructure Partners’s payout ratio is currently 3,440.00%.

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.