DORCHESTER WEALTH MANAGEMENT Co Raises Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 40.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,245 shares of the utilities provider’s stock after acquiring an additional 10,465 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Brookfield Infrastructure Partners were worth $1,152,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BIP. Principal Financial Group Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 12.0% in the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider’s stock worth $848,018,000 after buying an additional 2,866,195 shares during the last quarter. Intact Investment Management Inc. bought a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth $40,286,000. Pathway Financial Advisers LLC increased its holdings 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 worth $37,826,000 after buying an additional 1,016,623 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Brookfield Infrastructure Partners by 24.6% in 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. Finally, Addenda Capital Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 129.5% in the 4th quarter. Addenda Capital Inc. now owns 680,481 shares of the utilities provider’s stock worth $21,632,000 after buying an additional 384,000 shares during the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brookfield Infrastructure Partners Price Performance

BIP stock opened at $32.99 on Friday. 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 52 week low of $24.84 and a 52 week high of $36.50. The firm’s fifty day moving average is $32.33 and its 200 day moving average is $33.18. 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 released its earnings results on Thursday, January 30th. The utilities provider reported $0.82 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%. 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 declared 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. The ex-dividend date of this dividend 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 dividend payout ratio is presently 4,051.01%.

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.