Woodmont Investment Counsel LLC Sells 1,495 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Woodmont Investment Counsel LLC lowered its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 62,504 shares of the utilities provider’s stock after selling 1,495 shares during the period. Woodmont Investment Counsel LLC’s holdings in Brookfield Infrastructure Partners were worth $1,987,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its position in Brookfield Infrastructure Partners by 8.5% during the fourth quarter. LPL Financial LLC now owns 159,094 shares of the utilities provider’s stock worth $5,058,000 after purchasing an additional 12,492 shares during the period. Guardian Partners Inc. bought a new stake in Brookfield Infrastructure Partners during the fourth quarter worth approximately $3,237,000. MRP Capital Investments LLC boosted its position in Brookfield Infrastructure Partners by 20.6% during the fourth quarter. MRP Capital Investments LLC now owns 19,750 shares of the utilities provider’s stock worth $628,000 after purchasing an additional 3,375 shares during the period. Gold Investment Management Ltd. boosted its position in Brookfield Infrastructure Partners by 2.3% during the fourth quarter. Gold Investment Management Ltd. now owns 143,773 shares of the utilities provider’s stock worth $4,568,000 after purchasing an additional 3,259 shares during the period. Finally, Intact Investment Management Inc. boosted its position in Brookfield Infrastructure Partners by 52.1% during the fourth quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider’s stock worth $55,477,000 after purchasing an additional 598,290 shares during the period. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP opened at $28.70 on Monday. The business has a fifty day simple moving average of $31.45 and a 200 day simple moving average of $32.94. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The firm 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 one year low of $24.84 and a one year high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. Sell-side analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 4,300.00%.

Analyst Ratings Changes

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

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.