DORCHESTER WEALTH MANAGEMENT Co Purchases 10,465 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

DORCHESTER WEALTH MANAGEMENT Co lifted its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 40.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,245 shares of the utilities provider’s stock after purchasing an additional 10,465 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Brookfield Infrastructure Partners were worth $1,152,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BIP. Creative Planning lifted its position in shares of Brookfield Infrastructure Partners by 0.6% during the third quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock valued at $2,363,000 after purchasing an additional 389 shares in the last quarter. Raymond James & Associates lifted its position in shares of Brookfield Infrastructure Partners by 6.4% during the third quarter. Raymond James & Associates now owns 610,607 shares of the utilities provider’s stock valued at $21,396,000 after purchasing an additional 36,806 shares in the last quarter. Pathway Financial Advisers LLC raised its position in Brookfield Infrastructure Partners by 1,616.3% in the third quarter. Pathway Financial Advisers LLC now owns 1,079,521 shares of the utilities provider’s stock worth $37,826,000 after acquiring an additional 1,016,623 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Brookfield Infrastructure Partners by 7.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,110 shares of the utilities provider’s stock worth $600,000 after acquiring an additional 1,173 shares during the period. Finally, Boston Trust Walden Corp bought a new stake in Brookfield Infrastructure Partners in the third quarter worth about $212,000. 57.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on BIP. TD Securities lifted their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Scotiabank lifted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Raymond James lifted their price objective on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $42.50.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP opened at $32.99 on Friday. The company’s 50 day moving average is $32.33 and its 200-day moving average is $33.18. Brookfield Infrastructure Partners L.P. has a 12-month low of $24.84 and a 12-month high of $36.50. 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 firm has a market cap of $15.31 billion, a P/E ratio of 824.96 and a beta of 1.08.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. Sell-side 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. Investors of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 5.21%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s payout ratio is currently 4,051.01%.

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.