Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Acquired by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 40.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BIP. Compass Planning Associates Inc purchased a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at approximately $28,000. Dunhill Financial LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter valued at $30,000. Wingate Wealth Advisors Inc. bought a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at $32,000. Stonebridge Financial Group LLC purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter worth $44,000. Finally, Truvestments Capital LLC bought a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $77,000. Hedge funds and other institutional investors own 57.92% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BIP shares. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Raymond James upped their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 30th. Scotiabank raised their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. Finally, TD Securities increased 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 report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $42.50.

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Brookfield Infrastructure Partners Trading Down 1.0 %

NYSE BIP traded down $0.31 on Wednesday, hitting $32.09. 805,780 shares of the stock were exchanged, compared to its average volume of 423,429. 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 market capitalization of $14.89 billion, a P/E ratio of 802.45 and a beta of 1.08. The stock has a fifty day moving average price of $32.34 and a two-hundred day moving average price of $33.24.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates 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 forecast that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm 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 dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 5.36%. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 4,051.01%.

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.