Brookfield Infrastructure Partners LP (BIP) Position Decreased by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC lessened its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 173,926 shares of the utilities provider’s stock after selling 15,115 shares during the period. Brookfield Infrastructure Partners accounts for approximately 2.0% of Woodmont Investment Counsel LLC’s investment portfolio, making the stock its 8th biggest position. Woodmont Investment Counsel LLC owned approximately 0.07% of Brookfield Infrastructure Partners worth $7,115,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bellwether Investment Group LLC raised its holdings in Brookfield Infrastructure Partners by 1.2% in the 1st quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 32 shares during the last quarter. US Bancorp DE raised its holdings in Brookfield Infrastructure Partners by 113.5% in the 1st quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock valued at $121,000 after acquiring an additional 1,660 shares during the last quarter. Bollard Group LLC raised its holdings in Brookfield Infrastructure Partners by 1.0% in the 2nd quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 38 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the 2nd quarter valued at about $203,000. Finally, Hudock Capital Group LLC raised its holdings in Brookfield Infrastructure Partners by 37.1% in the 2nd quarter. Hudock Capital Group LLC now owns 5,109 shares of the utilities provider’s stock valued at $209,000 after acquiring an additional 1,382 shares during the last quarter. Institutional investors own 41.64% of the company’s stock.

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Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) traded up 0.11% during midday trading on Wednesday, hitting $43.71. 271,597 shares of the stock were exchanged. Brookfield Infrastructure Partners LP has a 12-month low of $30.76 and a 12-month high of $44.91. The firm has a 50 day moving average of $42.96 and a 200 day moving average of $40.26. The firm has a market cap of $11.35 billion, a P/E ratio of 96.07 and a beta of 1.09.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.86). The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $768.00 million. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. Equities analysts forecast that Brookfield Infrastructure Partners LP will post $1.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.435 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.74 annualized dividend and a dividend yield of 3.99%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 370.22%.

BIP has been the subject of several analyst reports. Scotiabank increased their price target on shares of Brookfield Infrastructure Partners from $42.50 to $43.50 and gave the company an “outperform” rating in a research note on Friday, August 4th. TD Securities increased their price target on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada increased their price target on shares of Brookfield Infrastructure Partners from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $48.20.

Brookfield Infrastructure Partners Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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