Brookfield Infrastructure Partners L.P. (NYSE:BIP) Holdings Raised by Addenda Capital Inc.

Addenda Capital Inc. grew its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 129.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 680,481 shares of the utilities provider’s stock after acquiring an additional 384,000 shares during the period. Addenda Capital Inc.’s holdings in Brookfield Infrastructure Partners were worth $21,632,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Creative Planning grew its stake in Brookfield Infrastructure Partners by 0.6% in the third quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock valued at $2,363,000 after purchasing an additional 389 shares in the last quarter. Insight Folios Inc lifted its holdings in shares of Brookfield Infrastructure Partners by 3.2% during the 3rd quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider’s stock valued at $587,000 after buying an additional 525 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of Brookfield Infrastructure Partners by 3.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 18,068 shares of the utilities provider’s stock valued at $496,000 after buying an additional 591 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $26,000. Finally, Tacita Capital Inc increased its holdings in Brookfield Infrastructure Partners by 0.6% in the third quarter. Tacita Capital Inc now owns 147,208 shares of the utilities provider’s stock worth $5,173,000 after buying an additional 837 shares during the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on BIP. TD Securities boosted their target price on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Jefferies Financial Group raised their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.20.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $31.23 on Tuesday. The company has a market capitalization of $14.49 billion, a PE ratio of -82.17 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. Brookfield Infrastructure Partners L.P. has a one year low of $24.84 and a one year high of $36.50. The company’s fifty day moving average price is $33.08 and its 200 day moving average price is $32.78.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 5.19%. Brookfield Infrastructure Partners’s dividend payout ratio is presently -426.32%.

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.