Nexus Investment Management ULC Has $35.39 Million Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Nexus Investment Management ULC lifted its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,119,440 shares of the utilities provider's stock after purchasing an additional 84,749 shares during the period. Brookfield Infrastructure Partners accounts for about 3.7% of Nexus Investment Management ULC's investment portfolio, making the stock its 6th biggest holding. Nexus Investment Management ULC owned approximately 0.24% of Brookfield Infrastructure Partners worth $35,393,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Acadian Asset Management LLC lifted its position in Brookfield Infrastructure Partners by 8,107.7% during the 1st quarter. Acadian Asset Management LLC now owns 1,067 shares of the utilities provider's stock worth $35,000 after acquiring an additional 1,054 shares during the last quarter. Clear Street Markets LLC acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $38,000. Rational Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter valued at about $39,000. LWM Advisory Services LLC acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter valued at about $48,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter valued at about $66,000. Institutional investors and hedge funds own 57.92% of the company's stock.

Brookfield Infrastructure Partners Trading Up 4.1 %

NYSE BIP traded up $1.23 during trading hours on Friday, hitting $31.21. The company's stock had a trading volume of 1,054,919 shares, compared to its average volume of 447,452. The stock has a fifty day moving average of $30.34 and a 200 day moving average of $28.96. Brookfield Infrastructure Partners L.P. has a twelve month low of $21.03 and a twelve month high of $37.32. The firm has a market capitalization of $14.40 billion, a P/E ratio of 222.94 and a beta of 0.95. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.20.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.99). Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. The business had revenue of $4.97 billion during the quarter. Equities research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.32 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a $0.405 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.38. This represents a $1.62 annualized dividend and a yield of 5.19%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 1,157.23%.

Analyst Ratings Changes

BIP has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, January 10th. Jefferies Financial Group began coverage on shares of Brookfield Infrastructure Partners in a research note on Tuesday, February 27th. They set a "buy" rating on the stock. National Bank Financial cut shares of Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, January 30th. TD Securities decreased their price objective on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, February 2nd. Finally, Raymond James upped their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $39.11.

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 60,000 kilometers (km) of operational electricity transmission and distribution lines; 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.8 million electricity and natural gas connections; and 540,000 long-term contracted sub-metering services.