Stonebridge Financial Group LLC Invests $44,000 in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

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

A number of other institutional investors also recently bought and sold shares of the company. Triasima Portfolio Management inc. lifted its holdings in shares of Brookfield Infrastructure Partners by 1.1% in the fourth quarter. Triasima Portfolio Management inc. now owns 33,330 shares of the utilities provider’s stock valued at $1,059,000 after purchasing an additional 350 shares in the last quarter. Creative Planning increased its position in Brookfield Infrastructure Partners by 0.6% during the third quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock worth $2,363,000 after buying an additional 389 shares in the last quarter. Insight Folios Inc raised its holdings in shares of Brookfield Infrastructure Partners by 3.2% in the third quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider’s stock worth $587,000 after acquiring an additional 525 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Brookfield Infrastructure Partners by 11.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,119 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 707 shares in the last quarter. Finally, Tacita Capital Inc lifted its position in shares of Brookfield Infrastructure Partners by 0.6% in the third quarter. Tacita Capital Inc now owns 147,208 shares of the utilities provider’s stock valued at $5,173,000 after acquiring an additional 837 shares in the last quarter. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Brookfield Infrastructure Partners Stock Up 1.7 %

Shares of NYSE:BIP opened at $33.16 on Friday. The stock has a market capitalization of $15.39 billion, a P/E ratio of 829.18 and a beta of 1.08. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. Brookfield Infrastructure Partners L.P. has a 1 year low of $24.84 and a 1 year high of $36.50. The stock has a 50-day simple moving average of $32.44 and a 200-day simple moving average of $33.07.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share 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%. Equities analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share 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. Stockholders of record on Friday, February 28th will be given a $0.43 dividend. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 5.19%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 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.