Triasima Portfolio Management inc. Purchases Shares of 390,260 Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Triasima Portfolio Management inc. bought a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 390,260 shares of the utilities provider’s stock, valued at approximately $12,322,000. Brookfield Infrastructure Partners makes up 1.0% of Triasima Portfolio Management inc.’s portfolio, making the stock its 29th biggest holding. Triasima Portfolio Management inc. owned approximately 0.09% of Brookfield Infrastructure Partners at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BIP. Acadian Asset Management LLC grew its stake in shares of Brookfield Infrastructure Partners by 8,107.7% in the 1st quarter. Acadian Asset Management LLC now owns 1,067 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 1,054 shares in the last quarter. Clear Street Markets LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 4th quarter worth about $38,000. Rational Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth about $39,000. LWM Advisory Services LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth about $48,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth about $66,000. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

Shares of Brookfield Infrastructure Partners stock traded down $1.41 on Friday, reaching $25.84. The stock had a trading volume of 992,889 shares, compared to its average volume of 449,523. Brookfield Infrastructure Partners L.P. has a 1 year low of $21.03 and a 1 year high of $37.32. The company has a market cap of $11.92 billion, a P/E ratio of 184.58 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $29.79 and its two-hundred day moving average is $28.78.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.99). The company had revenue of $4.97 billion during the quarter. Brookfield Infrastructure Partners had a return on equity of 0.79% and a net margin of 1.34%. As a group, research analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.32 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.405 per share. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. This represents a $1.62 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date was Wednesday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 1,157.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. National Bank Financial downgraded shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 30th. TD Securities dropped their price objective on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. National Bankshares downgraded shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price objective on the stock. in a report on Tuesday, January 30th. Finally, Raymond James upped their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.11.

Brookfield Infrastructure Partners Profile

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.