Federation des caisses Desjardins du Quebec Has $47.60 Million Stock Holdings in Brookfield Infrastructure Partners LP $BIP

Key Points

• The Federation des caisses Desjardins du Quebec reduced its holdings in Brookfield Infrastructure Partners LP by 6.5%, now owning approximately 1.6 million shares valued at about $47.6 million.
• Brookfield Infrastructure Partners has received mixed analyst ratings, with a target price ranging up to $40.00 and an average rating of "Buy".
• The company declared a quarterly dividend of $0.43, representing an annualized yield of 5.5%, with a significant payout ratio of 3,440%.

Federation des caisses Desjardins du Quebec lessened its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 6.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,614,480 shares of the utilities provider's stock after selling 113,157 shares during the period. Federation des caisses Desjardins du Quebec owned approximately 0.35% of Brookfield Infrastructure Partners worth $47,602,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. North Capital Inc. acquired a new position in Brookfield Infrastructure Partners in the 1st quarter valued at approximately $35,000. SouthState Corp acquired a new position in Brookfield Infrastructure Partners in the 1st quarter valued at approximately $37,000. Parallel Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the 1st quarter valued at approximately $45,000. Farther Finance Advisors LLC raised its holdings in Brookfield Infrastructure Partners by 565.6% in the 1st quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock valued at $68,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Pandora Wealth Inc. acquired a new position in Brookfield Infrastructure Partners in the 1st quarter valued at approximately $80,000. Institutional investors and hedge funds own 57.92% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BIP shares. Wall Street Zen lowered Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday. Royal Bank Of Canada set a $40.00 price objective on Brookfield Infrastructure Partners and gave the company an "outperform" rating in a research note on Wednesday, August 27th. Finally, Jefferies Financial Group started coverage on Brookfield Infrastructure Partners in a research note on Friday, August 29th. They issued a "buy" rating and a $35.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of "Buy" and a consensus target price of $41.00.

Brookfield Infrastructure Partners Price Performance

NYSE BIP traded up $0.04 during trading hours on Friday, reaching $30.50. 345,076 shares of the company's stock were exchanged, compared to its average volume of 527,768. The stock has a market cap of $14.14 billion, a PE ratio of 610.20 and a beta of 1.10. Brookfield Infrastructure Partners LP has a one year low of $25.72 and a one year high of $36.50. The firm has a fifty day moving average of $31.58 and a 200-day moving average of $31.13. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $1.95 billion. Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.The firm's revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. On average, equities research analysts predict that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, August 29th. This represents a $1.72 dividend on an annualized basis and a yield of 5.6%. Brookfield Infrastructure Partners's dividend payout ratio is 3,440.00%.

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.