Montrusco Bolton Investments Inc. Sells 392,390 Shares of Brookfield Infrastructure Partners LP $BIP

Montrusco Bolton Investments Inc. trimmed its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 73.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 138,330 shares of the utilities provider’s stock after selling 392,390 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Brookfield Infrastructure Partners were worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BIP. Intact Investment Management Inc. increased its stake in Brookfield Infrastructure Partners by 72.9% in the 3rd quarter. Intact Investment Management Inc. now owns 2,365,634 shares of the utilities provider’s stock worth $77,962,000 after buying an additional 997,680 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Brookfield Infrastructure Partners during the second quarter worth about $46,203,000. Dixon Mitchell Investment Counsel Inc. grew its position in shares of Brookfield Infrastructure Partners by 46.7% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 2,503,764 shares of the utilities provider’s stock worth $83,739,000 after purchasing an additional 797,429 shares in the last quarter. Credit Industriel ET Commercial raised its stake in Brookfield Infrastructure Partners by 582.7% during the 3rd quarter. Credit Industriel ET Commercial now owns 174,940 shares of the utilities provider’s stock valued at $5,754,000 after purchasing an additional 149,315 shares during the period. Finally, Addenda Capital Inc. lifted its holdings in Brookfield Infrastructure Partners by 13.8% in the 3rd quarter. Addenda Capital Inc. now owns 802,124 shares of the utilities provider’s stock worth $26,382,000 after purchasing an additional 97,533 shares in the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BIP has been the topic of several recent analyst reports. TD Securities reiterated a “buy” rating and set a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Morgan Stanley set a $45.00 price target on shares of Brookfield Infrastructure Partners in a report on Wednesday, January 28th. National Bank Financial raised their price objective 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. Finally, BMO Capital Markets reissued an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Brookfield Infrastructure Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.13.

Brookfield Infrastructure Partners Price Performance

NYSE:BIP opened at $39.39 on Thursday. The firm has a market capitalization of $18.16 billion, a price-to-earnings ratio of 43.76 and a beta of 1.12. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.08 and a quick ratio of 0.81. The business has a 50 day simple moving average of $36.03 and a 200-day simple moving average of $34.26. Brookfield Infrastructure Partners LP has a 1 year low of $25.72 and a 1 year high of $39.85.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, January 29th. The utilities provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.42). The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $1.98 billion. Brookfield Infrastructure Partners had a net margin of 4.40% and a return on equity of 3.22%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. Equities analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company 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 $0.455 dividend. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, February 27th. This represents a $1.82 annualized dividend and a dividend yield of 4.6%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 191.11%.

Brookfield Infrastructure Partners Company 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.