Brookfield Infrastructure Partners L.P. (BIP) Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lessened its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 193,931 shares of the utilities provider’s stock after selling 3,768 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.07% of Brookfield Infrastructure Partners worth $8,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Citigroup Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 1.4% in the 2nd quarter. Citigroup Inc. now owns 7,102 shares of the utilities provider’s stock worth $290,000 after purchasing an additional 100 shares during the period. M&T Bank Corp lifted its stake in shares of Brookfield Infrastructure Partners by 1.4% during the 2nd quarter. M&T Bank Corp now owns 10,960 shares of the utilities provider’s stock worth $449,000 after acquiring an additional 150 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Brookfield Infrastructure Partners by 1.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 54,531 shares of the utilities provider’s stock worth $2,231,000 after acquiring an additional 800 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Brookfield Infrastructure Partners by 1.9% during the 3rd quarter. D.A. Davidson & CO. now owns 61,973 shares of the utilities provider’s stock worth $2,673,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its stake in shares of Brookfield Infrastructure Partners by 13.7% during the 3rd quarter. Crestwood Advisors Group LLC now owns 13,934 shares of the utilities provider’s stock worth $601,000 after acquiring an additional 1,684 shares during the last quarter. 45.70% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners L.P. (BIP) traded down $0.33 on Friday, hitting $42.89. The stock had a trading volume of 296,400 shares, compared to its average volume of 369,317. The company has a market cap of $16,500.00, a price-to-earnings ratio of 164.96, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. Brookfield Infrastructure Partners L.P. has a 52-week low of $34.30 and a 52-week high of $46.88.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.86). Brookfield Infrastructure Partners had a return on equity of 1.59% and a net margin of 5.33%. research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.13 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners declared that its Board of Directors has authorized a stock buyback program on Tuesday, November 7th that allows the company to buyback 13,820,000 outstanding shares. This buyback authorization allows the utilities provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, November 30th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Wednesday, November 29th. Brookfield Infrastructure Partners’s payout ratio is 669.23%.

A number of equities research analysts recently issued reports on the company. Scotiabank set a $46.75 price target on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a research note on Tuesday, January 2nd. Credit Suisse Group reaffirmed a “hold” rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Wednesday, December 27th. Zacks Investment Research raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. National Bank Financial lifted their target price on Brookfield Infrastructure Partners from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. Finally, Royal Bank of Canada lifted their target price on Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $48.88.

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Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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