Harbor Advisory Corp MA Has $8.01 Million Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Harbor Advisory Corp MA grew its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,020 shares of the utilities provider’s stock after buying an additional 3,699 shares during the quarter. Brookfield Infrastructure Partners accounts for about 2.6% of Harbor Advisory Corp MA’s portfolio, making the stock its 13th largest holding. Harbor Advisory Corp MA owned about 0.05% of Brookfield Infrastructure Partners worth $8,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter worth approximately $410,650,000. Intact Investment Management Inc. acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter worth approximately $40,286,000. Pathway Financial Advisers LLC increased its position in Brookfield Infrastructure Partners by 1,616.3% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,079,521 shares of the utilities provider’s stock worth $37,826,000 after purchasing an additional 1,016,623 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. increased its position in Brookfield Infrastructure Partners by 101.0% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,587,548 shares of the utilities provider’s stock worth $55,783,000 after purchasing an additional 797,649 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in Brookfield Infrastructure Partners by 24.6% during the 3rd quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock worth $140,273,000 after purchasing an additional 790,078 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Trading Down 0.7 %

BIP opened at $33.10 on Wednesday. The company’s 50 day moving average price is $32.52 and its two-hundred day moving average price is $33.06. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The firm has a market capitalization of $15.36 billion, a price-to-earnings ratio of 827.71 and a beta of 1.08.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. As a group, research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.43 dividend. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 4,051.01%.

Analysts Set New Price Targets

A number of research firms recently issued reports on BIP. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. TD Securities boosted their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Finally, Raymond James boosted their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Brookfield Infrastructure Partners presently has an average rating of “Buy” and an average target price of $42.80.

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.