Brookfield Infrastructure Partners LP $BIP Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 72.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,365,634 shares of the utilities provider’s stock after purchasing an additional 997,680 shares during the quarter. Brookfield Infrastructure Partners accounts for approximately 2.4% of Intact Investment Management Inc.’s holdings, making the stock its 7th largest position. Intact Investment Management Inc. owned approximately 0.51% of Brookfield Infrastructure Partners worth $77,962,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westfuller Advisors LLC bought a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at about $44,000. City Holding Co. bought a new position in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $59,000. Caldwell Trust Co bought a new position in shares of Brookfield Infrastructure Partners in the second quarter valued at approximately $66,000. AdvisorNet Financial Inc raised its holdings in Brookfield Infrastructure Partners by 17.7% during the third quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 325 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in Brookfield Infrastructure Partners by 23.1% during the second quarter. Harbour Investments Inc. now owns 2,523 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 474 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Trading Up 1.6%

NYSE:BIP opened at $35.26 on Monday. The stock has a fifty day simple moving average of $34.93 and a 200 day simple moving average of $33.31. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of 52.62 and a beta of 1.10. Brookfield Infrastructure Partners LP has a 1-year low of $25.72 and a 1-year high of $36.58. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Friday, November 7th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.42). Brookfield Infrastructure Partners had a return on equity of 2.74% and a net margin of 3.70%.The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. Brookfield Infrastructure Partners’s quarterly revenue was up 13.4% on a year-over-year basis. Sell-side analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 28th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.9%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 256.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. National Bankshares lifted their price target on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Wall Street Zen raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Morgan Stanley set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday, December 2nd. Scotiabank reissued an “outperform” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 16th. Finally, Jefferies Financial Group set a $37.00 price objective on shares of Brookfield Infrastructure Partners and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.63.

About Brookfield Infrastructure Partners

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.