Montrusco Bolton Investments Inc. Trims Stock Holdings in Brookfield Infrastructure Partners LP $BIP

Montrusco Bolton Investments Inc. lowered its position in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 73.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,330 shares of the utilities provider’s stock after selling 392,390 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Brookfield Infrastructure Partners were worth $4,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in Brookfield Infrastructure Partners by 12.2% during the first quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider’s stock worth $53,696,000 after acquiring an additional 195,276 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Brookfield Infrastructure Partners by 8.5% during the first quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider’s stock valued at $737,000 after purchasing an additional 1,931 shares in the last quarter. CWM LLC lifted its holdings in shares of Brookfield Infrastructure Partners by 79.3% during the second quarter. CWM LLC now owns 5,628 shares of the utilities provider’s stock valued at $189,000 after purchasing an additional 2,489 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Brookfield Infrastructure Partners in the 2nd quarter worth approximately $483,000. Finally, Keybank National Association OH increased its position in Brookfield Infrastructure Partners by 1.5% during the 2nd quarter. Keybank National Association OH now owns 37,868 shares of the utilities provider’s stock valued at $1,269,000 after buying an additional 565 shares in the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Trading Up 0.6%

Shares of NYSE:BIP opened at $39.39 on Thursday. Brookfield Infrastructure Partners LP has a 52-week low of $25.72 and a 52-week high of $39.85. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 43.76 and a beta of 1.12. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.81 and a current ratio of 0.08. The stock’s 50-day simple moving average is $36.03 and its two-hundred day simple moving average is $34.26.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). Brookfield Infrastructure Partners had a return on equity of 3.22% and a net margin of 4.40%.The business had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the business posted $0.78 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts expect that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.82 dividend on an annualized basis and a yield of 4.6%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s payout ratio is 191.11%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. National Bank Financial raised their price target on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Morgan Stanley set a $45.00 target price on shares of Brookfield Infrastructure Partners in a research note on Wednesday, January 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, December 29th. TD Securities reiterated a “buy” rating and set a $57.00 target price (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 16th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.13.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.