Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC trimmed its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,504 shares of the utilities provider’s stock after selling 1,495 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Brookfield Infrastructure Partners were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Promus Capital LLC acquired a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $26,000. Compass Planning Associates Inc acquired a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $28,000. Dunhill Financial LLC acquired a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at about $30,000. Larson Financial Group LLC acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter worth about $30,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter worth about $32,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on BIP shares. Raymond James boosted their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. TD Securities boosted their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Scotiabank boosted their price objective on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $42.50.

Brookfield Infrastructure Partners Price Performance

Shares of BIP opened at $28.70 on Monday. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 717.55 and a beta of 1.10. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72. The business’s 50-day moving average is $31.45 and its 200-day moving average is $32.94.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. Equities research analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.43 dividend. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 5.99%. Brookfield Infrastructure Partners’s payout ratio is presently 4,300.00%.

Brookfield Infrastructure Partners Company 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.