Aviso Financial Increases Stake in Brookfield Infrastructure Partners

Aviso Financial Inc. has increased its investment in Brookfield Infrastructure Partners L.P. (NYSE:BIP, TSE:BIP.UN) by 4.5% during the fourth quarter, based on the latest 13F filing with the Securities & Exchange Commission. After acquiring an additional 11,695 shares, Aviso now owns a total of 273,564 shares in the utility company. The value of Aviso's holdings in Brookfield Infrastructure Partners stands at approximately $8,691,000 as per the most recent filing.

Several institutional investors have also altered their positions with respect to Brookfield Infrastructure Partners. For instance, Principal Financial Group Inc. raised its holdings by 2.7% in the third quarter, bringing its total to 23,809,423 shares valued at around $834,282,000 after purchasing an additional 616,373 shares during that period. Similarly, Axxcess Wealth Management LLC acquired a new stake worth about $200,000, while Empower Advisory Group LLC made a new purchase estimated at around $229,000. ING Groep NV increased its investment by 16.7%, owning 219,452 shares valued at approximately $7,690,000 after buying an additional 31,452 shares. Additionally, PCJ Investment Counsel Ltd. raised its position by 72.3%, now holding 645,740 shares worth about $22,636,000 after acquiring 271,020 shares. Currently, institutional investors hold 57.92% of the company's stock.

Analyst Ratings Updates

Several analysts have recently provided updates regarding Brookfield Infrastructure Partners. Scotiabank raised its target price for the shares from $38.00 to $41.00, and recommended an "outperform" rating in a report published on February 13th. StockNews.com upgraded the stock from a "sell" to a "hold" rating on February 1st. TD Securities increased their target price from $50.00 to $53.00 and rated the stock as a "buy" on February 3rd. Raymond James also raised their price target from $44.00 to $46.00, giving a "strong-buy" rating in a report dated January 30th. Finally, Royal Bank of Canada reiterated its "outperform" rating and set a target price of $40.00 in a research note on January 31st. In total, one analyst has given a hold rating, five analysts have rated the stock as a buy, and two have issued a strong buy rating. MarketBeat indicates that there is a consensus rating of "Buy" with an average target price set at $42.50.

Brookfield Infrastructure Partners Price Overview

As of the last trading session, Brookfield Infrastructure Partners shares opened at $27.50. The company has experienced a 1-year low of $24.84 and a 1-year high of $36.50. In terms of financial ratios, Brookfield Infrastructure Partners maintains a debt-to-equity ratio of 1.72, while its current ratio and quick ratio stand at 0.08 and 0.72, respectively. The market capitalization of the company is approximately $12.76 billion, with a price-to-earnings ratio of 687.70 and a beta of 1.10. The stock's fifty-day moving average is $31.88, while the two-hundred-day moving average is $33.08.

Recent Dividend Update

Brookfield Infrastructure Partners also disclosed its upcoming quarterly dividend, which will be paid on March 31st. Shareholders who are on record as of February 28th will receive a dividend of $0.43. The ex-dividend date is also set for February 28th. This new dividend represents an annualized return of $1.72, translating to a dividend yield of 6.25%, marking an increase from the prior quarterly dividend of $0.41. The firm's dividend payout ratio currently stands at a staggering 4,300.00%.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. is a global leader in owning and operating infrastructure that provides essential services. The company is involved in utilities, transportation, midstream energy, and data sectors across North America, South America, Europe, and the Asia-Pacific region. Its utility segment manages about 2,900 kilometers of electricity transmission lines, 4,200 kilometers of natural gas pipelines, and serves approximately 8.1 million electricity and natural gas connections.

Aviso, Investment, Shares