Montrusco Bolton Investments Inc. Decreases Position in Brookfield Infrastructure Partners LP (NYSE:BIP)

Montrusco Bolton Investments Inc. trimmed its position in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 28.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 590,509 shares of the utilities provider's stock after selling 238,678 shares during the period. Montrusco Bolton Investments Inc. owned 0.13% of Brookfield Infrastructure Partners worth $17,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. MGO One Seven LLC increased its position in shares of Brookfield Infrastructure Partners by 5.5% in the 4th quarter. MGO One Seven LLC now owns 7,105 shares of the utilities provider's stock valued at $226,000 after acquiring an additional 372 shares during the period. Avantax Advisory Services Inc. increased its position in shares of Brookfield Infrastructure Partners by 8.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,096 shares of the utilities provider's stock valued at $257,000 after acquiring an additional 602 shares during the period. Belpointe Asset Management LLC increased its position in shares of Brookfield Infrastructure Partners by 6.1% in the 4th quarter. Belpointe Asset Management LLC now owns 11,231 shares of the utilities provider's stock valued at $361,000 after acquiring an additional 647 shares during the period. North Capital Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the 1st quarter valued at $35,000. Finally, Value Partners Investments Inc. increased its position in shares of Brookfield Infrastructure Partners by 7.4% in the 4th quarter. Value Partners Investments Inc. now owns 18,278 shares of the utilities provider's stock valued at $580,000 after acquiring an additional 1,263 shares during the period. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP traded down $0.10 during mid-day trading on Friday, hitting $32.32. The company's stock had a trading volume of 501,129 shares, compared to its average volume of 440,635. The business's fifty day moving average is $32.98 and its two-hundred day moving average is $31.48. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.77 and a quick ratio of 0.73. Brookfield Infrastructure Partners LP has a 1 year low of $25.72 and a 1 year high of $36.50. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of -1,615.19 and a beta of 1.08.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its 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. Brookfield Infrastructure Partners had a net margin of 1.41% and a return on equity of 1.04%. The business had revenue of $5.39 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the company posted $0.78 EPS. Analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 5.32%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Infrastructure Partners's payout ratio is currently -8,600.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BIP shares. Citigroup cut their target price on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Finally, Wall Street Zen raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $41.67.

Brookfield Infrastructure Partners Company 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.