Guardian Partners Inc. Invests $3.24 Million in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Guardian Partners Inc. purchased a new position in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 98,997 shares of the utilities provider's stock, valued at approximately $3,237,000.

Several other large investors have also recently made changes to their positions in BIP. Triasima Portfolio Management inc. boosted its stake in Brookfield Infrastructure Partners by 1.1% during the 4th quarter. Triasima Portfolio Management inc. now owns 33,330 shares of the utilities provider's stock worth $1,059,000 after purchasing an additional 350 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Brookfield Infrastructure Partners by 8.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,096 shares of the utilities provider's stock worth $257,000 after acquiring an additional 602 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in Brookfield Infrastructure Partners by 11.0% during the 4th quarter. Kingsview Wealth Management LLC now owns 7,119 shares of the utilities provider's stock valued at $226,000 after acquiring an additional 707 shares in the last quarter. Promus Capital LLC purchased a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at about $26,000. Finally, Dunhill Financial LLC acquired a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at about $30,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

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Brookfield Infrastructure Partners Trading Up 0.2 %

Shares of NYSE BIP traded up $0.07 during mid-day trading on Thursday, reaching $30.22. 454,089 shares of the company's stock were exchanged, compared to its average volume of 421,840. The company's 50-day moving average is $31.36 and its 200-day moving average is $32.89. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 755.79 and a beta of 1.10. Brookfield Infrastructure Partners L.P. has a 52-week low of $24.84 and a 52-week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, topping 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%. Analysts expect 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, February 28th. This is a positive change 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 5.69%. Brookfield Infrastructure Partners's dividend payout ratio is 4,300.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BIP shares. Royal Bank of Canada restated an "outperform" rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. TD Securities lifted their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Scotiabank upped their price objective 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. Finally, Raymond James lifted their target price on shares of 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 investment 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's stock. According to MarketBeat, Brookfield Infrastructure Partners has an average rating of "Buy" and an average price target of $42.50.

About Brookfield Infrastructure Partners

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.