Montrusco Bolton Investments Inc. Reduces Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Montrusco Bolton Investments Inc. trimmed its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIPGet Rating) (TSE:BIP.UN) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,982,196 shares of the utilities provider’s stock after selling 32,111 shares during the period. Brookfield Infrastructure Partners makes up 1.9% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 25th largest holding. Montrusco Bolton Investments Inc. owned about 0.43% of Brookfield Infrastructure Partners worth $71,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Urban Wealth Management LLC acquired a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $46,000. Raymond James Trust N.A. lifted its holdings in shares of Brookfield Infrastructure Partners by 11.2% in the 2nd quarter. Raymond James Trust N.A. now owns 6,895 shares of the utilities provider’s stock valued at $264,000 after buying an additional 695 shares during the period. Sawyer & Company Inc grew its holdings in Brookfield Infrastructure Partners by 50.0% during the second quarter. Sawyer & Company Inc now owns 3,750 shares of the utilities provider’s stock worth $143,000 after acquiring an additional 1,250 shares during the period. UMB Bank n.a. purchased a new position in Brookfield Infrastructure Partners in the second quarter worth $60,000. Finally, Visionary Wealth Advisors lifted its holdings in Brookfield Infrastructure Partners by 58.3% in the second quarter. Visionary Wealth Advisors now owns 15,671 shares of the utilities provider’s stock valued at $599,000 after acquiring an additional 5,771 shares during the period. 57.81% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Down 1.2 %

Shares of BIP traded down $0.43 during trading hours on Wednesday, reaching $35.44. 75,259 shares of the company traded hands, compared to its average volume of 405,429. The stock has a market capitalization of $16.24 billion, a PE ratio of 136.54 and a beta of 0.82. The stock has a fifty day simple moving average of $34.19 and a 200 day simple moving average of $37.08. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $30.03 and a fifty-two week high of $46.01.

Brookfield Infrastructure Partners (NYSE:BIPGet Rating) (TSE:BIP.UN) last announced its quarterly earnings data on Wednesday, November 2nd. The utilities provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.55). The firm had revenue of $3.63 billion for the quarter. Brookfield Infrastructure Partners had a net margin of 2.80% and a return on equity of 1.56%. Research analysts predict that Brookfield Infrastructure Partners L.P. will post 2.7 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Tuesday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 553.87%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. National Bank Financial cut shares of Brookfield Infrastructure Partners from an “outperfrom under weight” rating to a “sector perform market weight” rating in a research note on Thursday, November 3rd. National Bankshares downgraded shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $38.00 price target for the company. in a research report on Friday, November 4th. BMO Capital Markets lowered their price target on Brookfield Infrastructure Partners from $46.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. Finally, StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and a consensus target price of $45.20.

Brookfield Infrastructure Partners Company Profile

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Brookfield Infrastructure Partners LP is an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Midstream, Data, and Corporate.

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Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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