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

Key Points

• Intact Investment Management increased its stake in Brookfield Infrastructure Partners by 1.3% in Q4, buying 29,750 shares to hold 2,395,384 shares worth about $83.26 million, making BIP its ninth-largest holding (≈0.52% ownership of BIP).
• Brookfield declared a quarterly dividend of $0.455 (annualized $1.82), implying a 5.0% yield275.76%.
• Analysts maintain a consensus of “Moderate Buy” (seven Buys, two Holds) with a consensus target of $43.71; notable recent moves include Morgan Stanley upgrading to Overweight ($45 target) while Weiss Ratings downgraded to Hold.

Intact Investment Management Inc. increased its position in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,395,384 shares of the utilities provider's stock after buying an additional 29,750 shares during the period. Brookfield Infrastructure Partners accounts for approximately 2.4% of Intact Investment Management Inc.'s investment portfolio, making the stock its 9th biggest holding. Intact Investment Management Inc. owned about 0.52% of Brookfield Infrastructure Partners worth $83,261,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BIP. Bank of Montreal Can boosted its stake in Brookfield Infrastructure Partners by 3.4% during the 3rd quarter. Bank of Montreal Can now owns 28,289,627 shares of the utilities provider's stock valued at $930,446,000 after purchasing an additional 926,167 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Brookfield Infrastructure Partners by 54.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 505,183 shares of the utilities provider's stock valued at $16,615,000 after purchasing an additional 178,534 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Brookfield Infrastructure Partners by 62.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,989,756 shares of the utilities provider's stock valued at $65,550,000 after purchasing an additional 761,992 shares during the last quarter. Picton Mahoney Asset Management boosted its stake in Brookfield Infrastructure Partners by 27.7% during 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 during the last quarter. Finally, Credit Industriel ET Commercial boosted 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 last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings downgraded Brookfield Infrastructure Partners from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. Scotiabank restated an "outperform" rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 16th. BMO Capital Markets restated an "outperform" rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. TD Cowen restated a "buy" rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Finally, Morgan Stanley upgraded Brookfield Infrastructure Partners from an "equal weight" rating to an "overweight" rating and set a $45.00 price objective on the stock in a research note on Monday, March 23rd. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.71.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $36.20 on Monday. Brookfield Infrastructure Partners LP has a twelve month low of $29.63 and a twelve month high of $40.32. The stock's 50 day moving average price is $36.93 and its 200-day moving average price is $35.93. The company has a market capitalization of $16.76 billion, a PE ratio of 54.85 and a beta of 1.03. The company has a quick ratio of 0.75, a current ratio of 0.04 and a debt-to-equity ratio of 0.15.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.62. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.The firm had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business earned $0.82 EPS. On average, equities analysts anticipate that Brookfield Infrastructure Partners LP will post 3.63 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, May 29th. Brookfield Infrastructure Partners's payout ratio is presently 275.76%.

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.

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