Brookfield Infrastructure Partners LP $BIP Shares Acquired by Bank of Montreal Can

Bank of Montreal Can lifted its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,289,627 shares of the utilities provider’s stock after purchasing an additional 926,167 shares during the period. Bank of Montreal Can owned about 6.10% of Brookfield Infrastructure Partners worth $930,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Rathbones Group PLC increased its holdings in Brookfield Infrastructure Partners by 230.4% in the third quarter. Rathbones Group PLC now owns 83,236 shares of the utilities provider’s stock valued at $2,738,000 after buying an additional 58,044 shares in the last quarter. Blair William & Co. IL grew its position in shares of Brookfield Infrastructure Partners by 1.1% during the 3rd quarter. Blair William & Co. IL now owns 72,692 shares of the utilities provider’s stock valued at $2,391,000 after acquiring an additional 779 shares during the period. Chapman Financial Group LLC grew its position in shares of Brookfield Infrastructure Partners by 5.3% during the 3rd quarter. Chapman Financial Group LLC now owns 27,494 shares of the utilities provider’s stock valued at $904,000 after acquiring an additional 1,391 shares during the period. JT Stratford LLC increased its stake in shares of Brookfield Infrastructure Partners by 6.2% in the 3rd quarter. JT Stratford LLC now owns 74,079 shares of the utilities provider’s stock valued at $2,436,000 after purchasing an additional 4,342 shares in the last quarter. Finally, Picton Mahoney Asset Management increased its stake in shares of Brookfield Infrastructure Partners by 27.7% in the 3rd quarter. Picton Mahoney Asset Management now owns 1,768,734 shares of the utilities provider’s stock valued at $58,275,000 after purchasing an additional 384,072 shares in the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Royal Bank Of Canada boosted their price objective on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Scotiabank reaffirmed an “outperform” rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a research note on Friday, January 16th. National Bank Financial increased their target price 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. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.13.

Brookfield Infrastructure Partners Trading Down 2.1%

Shares of BIP opened at $36.82 on Tuesday. Brookfield Infrastructure Partners LP has a 52-week low of $25.72 and a 52-week high of $40.32. The stock has a market cap of $16.98 billion, a PE ratio of 40.91 and a beta of 1.10. The firm’s fifty day moving average is $36.64 and its two-hundred day moving average is $34.77. The company has a quick ratio of 0.81, a current ratio of 0.08 and a debt-to-equity ratio of 1.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, January 29th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). The business had revenue of $6.30 billion during the quarter, compared to analyst estimates of $1.98 billion. Brookfield Infrastructure Partners had a net margin of 4.40% and a return on equity of 3.22%. Brookfield Infrastructure Partners’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. Research analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a dividend of $0.455 per share. The ex-dividend date is Friday, February 27th. This represents a $1.82 annualized dividend and a dividend yield of 4.9%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s payout ratio is presently 202.22%.

Brookfield Infrastructure Partners 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.