Stonebridge Financial Group LLC Makes New Investment in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Stonebridge Financial Group LLC bought a new stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,390 shares of the utilities provider’s stock, valued at approximately $44,000.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Brookfield Infrastructure Partners in the third quarter valued at $410,650,000. Intact Investment Management Inc. purchased a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at about $40,286,000. Pathway Financial Advisers LLC boosted its position in shares of Brookfield Infrastructure Partners by 1,616.3% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,079,521 shares of the utilities provider’s stock valued at $37,826,000 after purchasing an additional 1,016,623 shares during the period. Dixon Mitchell Investment Counsel Inc. grew its stake 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 buying an additional 797,649 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake 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 buying an additional 790,078 shares during the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Trading Up 1.7 %

NYSE BIP opened at $33.16 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $15.39 billion, a P/E ratio of 829.18 and a beta of 1.08. Brookfield Infrastructure Partners L.P. has a 52-week low of $24.84 and a 52-week high of $36.50. The firm has a 50-day moving average price of $32.44 and a 200 day moving average price of $33.07.

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

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure Partners’s payout ratio is presently 4,051.01%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Securities increased their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Raymond James increased their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 30th. Scotiabank lifted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure Partners currently has a consensus rating of “Buy” and a consensus price target of $42.50.

Brookfield Infrastructure Partners Company 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.