Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Acquired by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. boosted its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 829,187 shares of the utilities provider’s stock after purchasing an additional 39,565 shares during the period. Montrusco Bolton Investments Inc. owned about 0.18% of Brookfield Infrastructure Partners worth $26,337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $26,000. Dunhill Financial LLC purchased a new position in Brookfield Infrastructure Partners in the third quarter worth $30,000. Truvestments Capital LLC acquired a new stake in Brookfield Infrastructure Partners in the third quarter valued at $77,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $101,000. Finally, Eastern Bank acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $158,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. TD Securities raised their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Raymond James lifted their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, StockNews.com lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.60.

Brookfield Infrastructure Partners Stock Down 0.5 %

BIP stock opened at $32.62 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The company’s 50 day simple moving average is $32.90 and its 200-day simple moving average is $32.93. Brookfield Infrastructure Partners L.P. has a 12 month low of $24.84 and a 12 month high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -426.32%.

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.