Schneider Downs Wealth Management Advisors LP Reduces Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Schneider Downs Wealth Management Advisors LP lowered its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,057 shares of the utilities provider’s stock after selling 473 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in Brookfield Infrastructure Partners were worth $479,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Triasima Portfolio Management inc. increased its holdings in shares of Brookfield Infrastructure Partners by 1.1% in the fourth 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 period. Kingsview Wealth Management LLC increased its holdings in shares of Brookfield Infrastructure Partners by 11.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,119 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 707 shares during the period. Tacita Capital Inc increased its holdings in shares of Brookfield Infrastructure Partners by 0.6% in the third quarter. Tacita Capital Inc now owns 147,208 shares of the utilities provider’s stock worth $5,173,000 after purchasing an additional 837 shares during the period. Dunhill Financial LLC bought a new position in shares of Brookfield Infrastructure Partners in the third quarter worth $30,000. Finally, Compass Planning Associates Inc bought a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Wall Street Analyst Weigh In

BIP has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. TD Securities increased their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Raymond James increased 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 report on Thursday, January 30th. Finally, Scotiabank increased their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of “Buy” and a consensus price target of $42.50.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $32.09 on Thursday. The company has a market capitalization of $14.89 billion, a price-to-earnings ratio of 802.45 and a beta of 1.08. 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 company has a 50 day simple moving average of $32.34 and a two-hundred day simple moving average of $33.24. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, beating 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s payout ratio is 4,051.01%.

Brookfield Infrastructure Partners 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.