Triasima Portfolio Management inc. Purchases 350 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Triasima Portfolio Management inc. lifted its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,330 shares of the utilities provider’s stock after acquiring an additional 350 shares during the period. Triasima Portfolio Management inc.’s holdings in Brookfield Infrastructure Partners were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning lifted its holdings in shares of Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock worth $2,363,000 after acquiring an additional 389 shares during the period. Insight Folios Inc lifted its holdings in shares of Brookfield Infrastructure Partners by 3.2% during the 3rd 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 period. Cedar Mountain Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $26,000. Tacita Capital Inc lifted its holdings in shares of Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. Tacita Capital Inc now owns 147,208 shares of the utilities provider’s stock worth $5,173,000 after acquiring an additional 837 shares during the period. Finally, Dunhill Financial LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $30,000. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Up 0.3 %

Shares of NYSE BIP opened at $33.10 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 has a 50 day moving average price of $32.63 and a two-hundred day moving average price of $33.00. The stock has a market cap of $15.36 billion, a P/E ratio of 827.61 and a beta of 1.08.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced 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%. As a group, equities analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm 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 $0.43 dividend. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 5.20%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio is 4,051.01%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BIP. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a report 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 stock a “buy” rating in a research report on Monday. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Finally, Raymond James upped 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. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $42.80.

Brookfield Infrastructure Partners 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.