Montrusco Bolton Investments Inc. decreased its holdings in Brookfield Infrastructure Partners LP (NYSE:BIP - Free Report) TSE: BIP.UN by 28.8% in the 1st quarter, according to its most recent 13F 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 quarter. Montrusco Bolton Investments Inc. owned approximately 0.13% of Brookfield Infrastructure Partners worth $17,564,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Prevail Innovative Wealth Advisors LLC acquired a new position in Brookfield Infrastructure Partners during the 1st quarter worth approximately $639,000. Apollon Wealth Management LLC grew its stake in Brookfield Infrastructure Partners by 103.4% during the 1st quarter. Apollon Wealth Management LLC now owns 24,397 shares of the utilities provider's stock worth $727,000 after buying an additional 12,402 shares during the last quarter. Callahan Advisors LLC grew its stake in shares of Brookfield Infrastructure Partners by 8.7% in the first quarter. Callahan Advisors LLC now owns 23,026 shares of the utilities provider's stock worth $686,000 after purchasing an additional 1,850 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Brookfield Infrastructure Partners by 8.2% in the first quarter. Brown Advisory Inc. now owns 364,628 shares of the utilities provider's stock worth $10,862,000 after purchasing an additional 27,566 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Brookfield Infrastructure Partners by 18.2% during the first quarter. Envestnet Asset Management Inc. now owns 89,377 shares of the utilities provider's stock valued at $2,663,000 after buying an additional 13,788 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company's stock.
Brookfield Infrastructure Partners Price Performance
Shares of Brookfield Infrastructure Partners stock traded down $0.10 during midday trading on Friday, hitting $32.32. 501,129 shares of the company were exchanged, compared to its average volume of 440,284. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.77 and a quick ratio of 0.73. The firm has a market cap of $15.01 billion, a P/E ratio of -1,615.19 and a beta of 1.08. Brookfield Infrastructure Partners LP has a 52 week low of $25.72 and a 52 week high of $36.50. The firm has a 50 day simple moving average of $32.99 and a 200-day simple moving average of $31.48.
Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $5.39 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.78 EPS. Research analysts forecast that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current year.
Brookfield Infrastructure Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 5.32%. Brookfield Infrastructure Partners's dividend payout ratio is presently -8,600.00%.
Wall Street Analyst Weigh In
BIP has been the subject of several analyst reports. Citigroup reduced their target price on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Wall Street Zen lowered Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Sunday. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.67.
Check Out Our Latest Research Report on BIP
Brookfield Infrastructure Partners Company Profile
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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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