Brookfield Infrastructure Partners L.P. (NYSE:BIP) is Davis Rea LTD.’s 9th Largest Position

Davis Rea LTD. grew its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,696 shares of the utilities provider’s stock after purchasing an additional 4,037 shares during the period. Brookfield Infrastructure Partners comprises about 4.1% of Davis Rea LTD.’s investment portfolio, making the stock its 9th biggest position. Davis Rea LTD. owned about 0.07% of Brookfield Infrastructure Partners worth $6,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in Brookfield Infrastructure Partners by 109.3% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,097 shares of the utilities provider’s stock valued at $1,159,000 after purchasing an additional 15,197 shares during the last quarter. Morgan Stanley lifted its holdings in Brookfield Infrastructure Partners by 5.8% during the 3rd quarter. Morgan Stanley now owns 1,518,041 shares of the utilities provider’s stock valued at $60,540,000 after purchasing an additional 82,680 shares during the last quarter. CI Investments Inc. lifted its holdings in Brookfield Infrastructure Partners by 23.1% during the 3rd quarter. CI Investments Inc. now owns 1,934,150 shares of the utilities provider’s stock valued at $77,134,000 after purchasing an additional 362,400 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Brookfield Infrastructure Partners by 3.3% during the 3rd quarter. Wells Fargo & Company MN now owns 352,349 shares of the utilities provider’s stock valued at $14,051,000 after purchasing an additional 11,235 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in Brookfield Infrastructure Partners by 31.2% during the 3rd quarter. First Republic Investment Management Inc. now owns 191,130 shares of the utilities provider’s stock valued at $7,622,000 after purchasing an additional 45,414 shares during the last quarter. Institutional investors own 47.25% of the company’s stock.

Shares of BIP stock opened at $40.42 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.12 and a current ratio of 0.38. The firm has a market capitalization of $13.87 billion, a PE ratio of 68.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.03. Brookfield Infrastructure Partners L.P. has a 12 month low of $32.26 and a 12 month high of $42.31.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Wednesday, February 6th. The utilities provider reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.01. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $870.84 million. Brookfield Infrastructure Partners had a net margin of 7.46% and a return on equity of 2.82%. The firm’s revenue for the quarter was up 45.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be given a $0.502 dividend. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Wednesday, February 27th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.47. Brookfield Infrastructure Partners’s payout ratio is currently 318.64%.

A number of brokerages have weighed in on BIP. Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Wednesday. Raymond James reiterated an “outperform” rating and set a $49.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, February 8th. Credit Suisse Group set a $46.00 price objective on shares of Brookfield Infrastructure Partners and gave the company a “buy” rating in a report on Sunday, December 30th. Citigroup decreased their price objective on shares of Brookfield Infrastructure Partners from $43.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, November 29th. Finally, Wells Fargo & Co decreased their price objective on shares of Brookfield Infrastructure Partners from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $45.72.

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Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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