390,260 Shares in Brookfield Infrastructure Partners L.P. (NYSE:BIP) Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. bought a new stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 390,260 shares of the utilities provider's stock, valued at approximately $12,322,000. Brookfield Infrastructure Partners makes up about 1.0% of Triasima Portfolio Management inc.'s holdings, making the stock its 29th biggest holding. Triasima Portfolio Management inc. owned about 0.09% of Brookfield Infrastructure Partners at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its holdings in shares of Brookfield Infrastructure Partners by 8,107.7% during the first quarter. Acadian Asset Management LLC now owns 1,067 shares of the utilities provider's stock worth $35,000 after purchasing an additional 1,054 shares in the last quarter. Clear Street Markets LLC purchased a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $38,000. Rational Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $39,000. LWM Advisory Services LLC purchased a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $48,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $66,000. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Trading Down 5.2 %

BIP stock traded down $1.41 during midday trading on Friday, hitting $25.84. The company had a trading volume of 992,889 shares, compared to its average volume of 449,523. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20. Brookfield Infrastructure Partners L.P. has a 52 week low of $21.03 and a 52 week high of $37.32. The stock's 50 day moving average price is $29.79 and its 200 day moving average price is $28.77. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 184.58 and a beta of 0.95.

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 company had revenue of $4.97 billion during the quarter. As a group, equities research analysts expect that Brookfield Infrastructure Partners L.P. will post 3.32 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.38. Brookfield Infrastructure Partners's dividend payout ratio is currently 1,157.23%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BIP shares. Raymond James boosted their price objective on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a "strong-buy" rating in a report on Friday, February 2nd. National Bank Financial downgraded Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, January 30th. National Bankshares downgraded Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating and set a $32.00 target price for the company. in a research report on Tuesday, January 30th. BMO Capital Markets boosted their target price on Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 10th. Finally, Jefferies Financial Group started coverage on Brookfield Infrastructure Partners in a research report on Tuesday, February 27th. They issued a "buy" rating for the company. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $39.11.

About Brookfield Infrastructure Partners

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.