Intact Investment Management Inc. Grows Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Intact Investment Management Inc. lifted its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 136.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,919,094 shares of the utilities provider's stock after acquiring an additional 1,106,910 shares during the quarter. Brookfield Infrastructure Partners accounts for approximately 2.4% of Intact Investment Management Inc.'s portfolio, making the stock its 8th largest holding. Intact Investment Management Inc. owned about 0.42% of Brookfield Infrastructure Partners worth $60,484,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Insight Folios Inc grew its position in Brookfield Infrastructure Partners by 3.1% during the fourth quarter. Insight Folios Inc now owns 15,591 shares of the utilities provider's stock worth $491,000 after buying an additional 470 shares during the period. Herold Advisors Inc. grew its position in Brookfield Infrastructure Partners by 0.5% during the fourth quarter. Herold Advisors Inc. now owns 117,892 shares of the utilities provider's stock worth $3,712,000 after buying an additional 611 shares during the period. CWM LLC grew its position in Brookfield Infrastructure Partners by 33.7% during the fourth quarter. CWM LLC now owns 2,986 shares of the utilities provider's stock worth $94,000 after buying an additional 753 shares during the period. Private Advisor Group LLC grew its position in Brookfield Infrastructure Partners by 2.7% during the third quarter. Private Advisor Group LLC now owns 37,666 shares of the utilities provider's stock worth $1,107,000 after buying an additional 976 shares during the period. Finally, Keybank National Association OH grew its position in Brookfield Infrastructure Partners by 4.0% during the third quarter. Keybank National Association OH now owns 31,277 shares of the utilities provider's stock worth $920,000 after buying an additional 1,210 shares during the period. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Trading Down 0.8 %

Shares of BIP traded down $0.22 on Friday, hitting $27.14. 240,627 shares of the stock traded hands, compared to its average volume of 517,182. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $12.52 billion, a P/E ratio of 193.87 and a beta of 0.95. The stock's 50 day moving average is $28.91 and its two-hundred day moving average is $28.66. Brookfield Infrastructure Partners L.P. has a 1 year low of $21.03 and a 1 year high of $37.32.

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 (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.99). The firm had revenue of $4.97 billion for the quarter. Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. As a group, sell-side analysts predict that Brookfield Infrastructure Partners L.P. will post 3.3 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.405 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a yield of 5.97%. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.38. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently 1,157.23%.

Analysts Set New Price Targets

BIP has been the topic of several recent analyst reports. National Bankshares lowered shares of Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating and set a $32.00 target price on the stock. in a research report on Tuesday, January 30th. National Bank Financial lowered shares of Brookfield Infrastructure Partners from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, January 30th. Jefferies Financial Group lowered their price target on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday, April 17th. BMO Capital Markets increased their price target on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, January 10th. Finally, TD Securities lowered their price target on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a "buy" rating on the stock in a research report on Friday, February 2nd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $38.60.

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 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.