HUB Investment Partners LLC Reduces Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

HUB Investment Partners LLC reduced its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,889 shares of the utilities provider’s stock after selling 3,547 shares during the quarter. HUB Investment Partners LLC’s holdings in Brookfield Infrastructure Partners were worth $2,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Triasima Portfolio Management inc. increased its holdings in Brookfield Infrastructure Partners by 1.1% during the 4th quarter. Triasima Portfolio Management inc. now owns 33,330 shares of the utilities provider’s stock valued at $1,059,000 after acquiring an additional 350 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 8.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,096 shares of the utilities provider’s stock worth $257,000 after buying an additional 602 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Brookfield Infrastructure Partners by 11.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 7,119 shares of the utilities provider’s stock worth $226,000 after buying an additional 707 shares in the last quarter. Promus Capital LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $26,000. Finally, Dunhill Financial LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth about $30,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Trading Down 2.3 %

Shares of BIP stock opened at $28.78 on Friday. The stock has a market cap of $13.36 billion, a price-to-earnings ratio of 719.65 and a beta of 1.10. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The firm’s 50 day moving average price is $31.50 and its two-hundred day moving average price is $32.94.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. On average, analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.43 per share. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure Partners’s payout ratio is presently 4,300.00%.

Analyst Upgrades and Downgrades

BIP has been the subject of a number of recent research reports. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Raymond James lifted 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 report on Thursday, January 30th. Scotiabank lifted their price target on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. Finally, TD Securities boosted their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a report on Monday, February 3rd. 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. According to data from MarketBeat, Brookfield Infrastructure Partners presently has a consensus rating of “Buy” and an average price target of $42.50.

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.