Woodmont Investment Counsel LLC Sells 6,518 Shares of Brookfield Infrastructure Partners LP (NYSE:BIP)

Woodmont Investment Counsel LLC trimmed its position in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 10.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,986 shares of the utilities provider’s stock after selling 6,518 shares during the period. Woodmont Investment Counsel LLC’s holdings in Brookfield Infrastructure Partners were worth $1,668,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp increased its holdings in shares of Brookfield Infrastructure Partners by 8.0% during the fourth quarter. Mackenzie Financial Corp now owns 8,784,509 shares of the utilities provider’s stock valued at $278,858,000 after acquiring an additional 650,892 shares in the last quarter. Scotia Capital Inc. increased its stake in Brookfield Infrastructure Partners by 2.7% during the 4th quarter. Scotia Capital Inc. now owns 6,432,381 shares of the utilities provider’s stock valued at $202,492,000 after purchasing an additional 171,748 shares in the last quarter. Intact Investment Management Inc. increased its stake in Brookfield Infrastructure Partners by 52.1% during the 4th quarter. Intact Investment Management Inc. now owns 1,745,974 shares of the utilities provider’s stock valued at $55,477,000 after purchasing an additional 598,290 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in Brookfield Infrastructure Partners by 6.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,492,480 shares of the utilities provider’s stock worth $46,978,000 after buying an additional 94,103 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Brookfield Infrastructure Partners by 3.4% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 710,827 shares of the utilities provider’s stock valued at $22,597,000 after buying an additional 23,374 shares in the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $32.53 on Friday. The stock’s 50 day moving average price is $31.62 and its 200-day moving average price is $31.43. The company has a market capitalization of $15.11 billion, a PE ratio of -1,625.54 and a beta of 1.09. Brookfield Infrastructure Partners LP has a twelve month low of $25.72 and a twelve month high of $36.50. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 1.64.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Wednesday, April 30th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $2 billion. Brookfield Infrastructure Partners had a return on equity of 1.04% and a net margin of 1.41%. During the same period in the previous year, the business posted $0.78 EPS. On average, equities analysts anticipate that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Infrastructure Partners’s payout ratio is -8,600.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $40.00 target price on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Citigroup dropped their target price on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $41.67.

About Brookfield Infrastructure Partners

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.