Commonwealth Equity Services LLC Sells 3,151 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Commonwealth Equity Services LLC trimmed its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,754 shares of the utilities provider’s stock after selling 3,151 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Brookfield Infrastructure Partners were worth $1,995,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Promus Capital LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth approximately $26,000. Compass Planning Associates Inc acquired a new stake in Brookfield Infrastructure Partners during the fourth quarter worth approximately $28,000. Dunhill Financial LLC acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at $30,000. Larson Financial Group LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at $30,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BIP. Scotiabank boosted their price target on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. TD Securities upped their price target on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Raymond James increased their price target on shares of 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. Finally, Royal Bank of Canada restated an “outperform” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday. One analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $42.50.

Brookfield Infrastructure Partners Trading Up 0.2 %

Shares of Brookfield Infrastructure Partners stock opened at $30.22 on Friday. The firm has a market capitalization of $14.03 billion, a PE ratio of 755.79 and a beta of 1.10. 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’s 50 day moving average is $31.36 and its 200 day moving average is $32.89. Brookfield Infrastructure Partners L.P. has a 1 year low of $24.84 and a 1 year 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 (EPS) for the quarter, topping 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%. Equities research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.69%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. 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.