Avalon Trust Co Sells 1,007 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Avalon Trust Co decreased its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 221,330 shares of the utilities provider’s stock after selling 1,007 shares during the quarter. Avalon Trust Co’s holdings in Brookfield Infrastructure Partners were worth $6,970,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BIP. Rational Advisors LLC purchased a new position in Brookfield Infrastructure Partners in the 3rd quarter worth approximately $39,000. LWM Advisory Services LLC bought a new position in shares of Brookfield Infrastructure Partners during the third quarter worth $48,000. CWM LLC grew its stake in Brookfield Infrastructure Partners by 33.7% during the fourth quarter. CWM LLC now owns 2,986 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 753 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at $182,000. Finally, Anchor Investment Management LLC purchased a new stake in Brookfield Infrastructure Partners in the 4th quarter worth $190,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. National Bank Financial downgraded Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 30th. National Bankshares cut Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price objective on the stock. in a report on Tuesday, January 30th. BMO Capital Markets reduced their price target on shares of Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday. TD Securities lowered their price objective on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, Raymond James lifted their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Brookfield Infrastructure Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.20.

Brookfield Infrastructure Partners Trading Up 3.0 %

Shares of BIP stock traded up $0.84 during trading hours on Friday, reaching $29.28. 472,990 shares of the stock were exchanged, compared to its average volume of 541,856. Brookfield Infrastructure Partners L.P. has a 12-month low of $21.03 and a 12-month high of $37.32. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 94.45 and a beta of 0.99. The company’s 50-day moving average price is $28.56 and its 200-day moving average price is $28.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.99). The business had revenue of $4.97 billion for the quarter. Brookfield Infrastructure Partners had a net margin of 2.05% and a return on equity of 1.23%. On average, sell-side analysts expect that Brookfield Infrastructure Partners L.P. will post 3.29 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a dividend of $0.405 per share. The ex-dividend date is Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a yield of 5.53%. Brookfield Infrastructure Partners’s payout ratio is 522.58%.

Brookfield Infrastructure Partners 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.