Montrusco Bolton Investments Inc. Purchases 39,565 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Montrusco Bolton Investments Inc. boosted its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 829,187 shares of the utilities provider's stock after purchasing an additional 39,565 shares during the quarter. Montrusco Bolton Investments Inc. owned approximately 0.18% of Brookfield Infrastructure Partners worth $26,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Brookfield Infrastructure Partners during the third quarter worth $410,650,000. Intact Investment Management Inc. acquired a new position 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% during the third 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 period. Dixon Mitchell Investment Counsel Inc. increased its position in Brookfield Infrastructure Partners by 101.0% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,587,548 shares of the utilities provider's stock valued at $55,783,000 after acquiring an additional 797,649 shares during the period. Finally, Toronto Dominion Bank raised 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 valued at $140,273,000 after acquiring an additional 790,078 shares in the last quarter. 57.92% of the stock is owned by institutional investors.

Brookfield Infrastructure Partners Stock Down 1.5 %

Brookfield Infrastructure Partners stock traded down $0.50 during trading hours on Wednesday, hitting $32.13. The company had a trading volume of 360,505 shares, compared to its average volume of 358,973. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. The firm has a market capitalization of $14.91 billion, a P/E ratio of -84.54 and a beta of 1.07. The firm's fifty day moving average is $32.85 and its 200-day moving average is $32.93.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a $0.405 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 5.04%. Brookfield Infrastructure Partners's payout ratio is -426.32%.

Analysts Set New Price Targets

Several research firms have recently issued reports on BIP. TD Securities increased their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Raymond James raised their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, StockNews.com lowered Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.60.

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.