Intact Investment Management Inc. decreased its holdings in shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,642,084 shares of the utilities provider's stock after selling 103,890 shares during the quarter. Brookfield Infrastructure Partners comprises about 1.7% of Intact Investment Management Inc.'s portfolio, making the stock its 16th biggest holding. Intact Investment Management Inc. owned approximately 0.35% of Brookfield Infrastructure Partners worth $48,857,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Promus Capital LLC purchased a new position in Brookfield Infrastructure Partners in the 4th quarter worth approximately $26,000. Compass Planning Associates Inc acquired a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter worth approximately $28,000. Larson Financial Group LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at approximately $30,000. Parallel Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the first quarter valued at approximately $45,000. Finally, Farther Finance Advisors LLC increased its stake in Brookfield Infrastructure Partners by 565.6% during the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock worth $68,000 after acquiring an additional 1,906 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company's stock.
Brookfield Infrastructure Partners Stock Performance
BIP stock traded up $0.47 during mid-day trading on Tuesday, reaching $33.14. The company had a trading volume of 385,340 shares, compared to its average volume of 441,687. Brookfield Infrastructure Partners LP has a one year low of $25.72 and a one year high of $36.50. The stock has a market capitalization of $15.39 billion, a P/E ratio of -1,655.97 and a beta of 1.09. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.64. The stock's 50-day simple moving average is $31.79 and its two-hundred day simple moving average is $31.38.
Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The company had revenue of $5.39 billion during the quarter, compared to analysts' expectations of $2 billion. Brookfield Infrastructure Partners had a return on equity of 1.04% and a net margin of 1.41%. During the same quarter in the prior year, the business posted $0.78 earnings per share. Research analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.
Brookfield Infrastructure Partners Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.43 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.19%. Brookfield Infrastructure Partners's dividend payout ratio is currently -8,600.00%.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Citigroup decreased their price target on shares of Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of "Buy" and an average price target of $41.67.
View Our Latest Stock Analysis on Brookfield Infrastructure Partners
About Brookfield Infrastructure Partners
(
Free Report)
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.
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