Montrusco Bolton Investments Inc. Grows Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Montrusco Bolton Investments Inc. grew its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 829,187 shares of the utilities provider’s stock after purchasing an additional 39,565 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Brookfield Infrastructure Partners were worth $26,337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Walnut Private Equity Partners LLC boosted its position in Brookfield Infrastructure Partners by 33.3% during the fourth quarter. Walnut Private Equity Partners LLC now owns 100,000 shares of the utilities provider’s stock worth $3,179,000 after acquiring an additional 25,000 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 48.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,365 shares of the utilities provider’s stock worth $711,000 after purchasing an additional 7,318 shares during the last quarter. Addenda Capital Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 129.5% during the fourth quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider’s stock worth $21,632,000 after purchasing an additional 384,000 shares during the last quarter. UMB Bank n.a. grew its position in shares of Brookfield Infrastructure Partners by 8,540.8% in the fourth quarter. UMB Bank n.a. now owns 28,774 shares of the utilities provider’s stock valued at $915,000 after purchasing an additional 28,441 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Brookfield Infrastructure Partners by 24.0% in the third quarter. JPMorgan Chase & Co. now owns 22,130 shares of the utilities provider’s stock valued at $775,000 after purchasing an additional 4,281 shares during the last quarter. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BIP shares. Raymond James raised their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. StockNews.com cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Finally, TD Securities upped their price target 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

Brookfield Infrastructure Partners Price Performance

NYSE BIP opened at $32.62 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners L.P. has a 1-year low of $24.84 and a 1-year high of $36.50. The business’s 50-day simple moving average is $32.90 and its 200-day simple moving average is $32.93.

Brookfield Infrastructure Partners Announces Dividend

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