Ninepoint Partners LP increased its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 637.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,768 shares of the utilities provider’s stock after purchasing an additional 219,343 shares during the period. Brookfield Infrastructure Partners makes up 2.0% of Ninepoint Partners LP’s investment portfolio, making the stock its 5th biggest holding. Ninepoint Partners LP’s holdings in Brookfield Infrastructure Partners were worth $10,625,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Laurel Wealth Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $31,000. Sandy Spring Bank acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter valued at about $48,000. Ellis Investment Partners LLC acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter valued at about $51,000. Truvestments Capital LLC acquired a new position in Brookfield Infrastructure Partners in the first quarter worth about $53,000. Finally, Bronfman E.L. Rothschild L.P. raised its position in Brookfield Infrastructure Partners by 51.3% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,064 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 38.63% of the company’s stock.

Shares of BIP traded down $0.14 during mid-day trading on Thursday, hitting $42.02. 8,360 shares of the company traded hands, compared to its average volume of 292,757. Brookfield Infrastructure Partners L.P. has a one year low of $32.26 and a one year high of $42.60. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $14.64 billion, a P/E ratio of 71.75, a price-to-earnings-growth ratio of 1.24 and a beta of 1.02.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Friday, May 3rd. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. Brookfield Infrastructure Partners had a net margin of 4.24% and a return on equity of 1.71%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $954.88 million. The firm’s revenue was up 57.3% on a year-over-year basis. As a group, analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.49 EPS for the current year.

The business also recently disclosed a dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a dividend of $0.502 per share. The ex-dividend date is Thursday, May 30th. Brookfield Infrastructure Partners’s payout ratio is 340.68%.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Raymond James reissued an “outperform” rating and issued a $49.00 price target on shares of Brookfield Infrastructure Partners in a research report on Wednesday, May 8th. Credit Suisse Group lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $46.00 price target for the company. in a research report on Thursday, April 25th. Finally, National Bank Financial increased their price target on shares of Brookfield Infrastructure Partners from $45.50 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Brookfield Infrastructure Partners presently has a consensus rating of “Buy” and an average target price of $45.69.

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Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The 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 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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

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