Forge First Asset Management Inc. Sells 44,700 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Forge First Asset Management Inc. trimmed its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 38.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,598 shares of the utilities provider's stock after selling 44,700 shares during the quarter. Brookfield Infrastructure Partners makes up 0.8% of Forge First Asset Management Inc.'s investment portfolio, making the stock its 28th largest position. Forge First Asset Management Inc.'s holdings in Brookfield Infrastructure Partners were worth $2,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BIP. Triasima Portfolio Management inc. lifted its holdings in Brookfield Infrastructure Partners by 1.1% in the 4th quarter. Triasima Portfolio Management inc. now owns 33,330 shares of the utilities provider's stock worth $1,059,000 after buying an additional 350 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Brookfield Infrastructure Partners by 11.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 7,119 shares of the utilities provider's stock valued at $226,000 after purchasing an additional 707 shares during the period. Promus Capital LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at approximately $26,000. Dunhill Financial LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $30,000. Finally, Compass Planning Associates Inc purchased a new position in Brookfield Infrastructure Partners during the fourth quarter valued at $28,000. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP opened at $28.21 on Wednesday. The business has a 50-day moving average price of $32.03 and a 200-day moving average price of $33.15. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50. The firm has a market cap of $13.09 billion, a price-to-earnings ratio of 705.30 and a beta of 1.10. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72.

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Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. As a group, equities research analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed 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 is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 6.10%. Brookfield Infrastructure Partners's dividend payout ratio is 4,300.00%.

Analyst Upgrades and Downgrades

BIP has been the topic of several analyst reports. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. TD Securities boosted their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. Scotiabank boosted their price target on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Raymond James boosted their price target on 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. One equities research 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 company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $42.50.

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.

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