Woodmont Investment Counsel LLC Sells 10,000 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Woodmont Investment Counsel LLC decreased its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 13.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 63,999 shares of the utilities provider’s stock after selling 10,000 shares during the period. Woodmont Investment Counsel LLC’s holdings in Brookfield Infrastructure Partners were worth $2,243,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. NBC Securities Inc. raised its holdings in Brookfield Infrastructure Partners by 1.0% during the second quarter. NBC Securities Inc. now owns 40,471 shares of the utilities provider’s stock worth $1,110,000 after buying an additional 381 shares during the last quarter. Creative Planning raised its holdings in shares of Brookfield Infrastructure Partners by 0.6% in the 3rd quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock worth $2,363,000 after acquiring an additional 389 shares during the last quarter. Callahan Advisors LLC lifted its position in Brookfield Infrastructure Partners by 2.1% in the 2nd quarter. Callahan Advisors LLC now owns 22,129 shares of the utilities provider’s stock valued at $607,000 after acquiring an additional 450 shares in the last quarter. Insight Folios Inc boosted its stake in Brookfield Infrastructure Partners by 3.2% during the 3rd quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider’s stock valued at $587,000 after purchasing an additional 525 shares during the last quarter. Finally, Financial Advocates Investment Management increased its holdings in Brookfield Infrastructure Partners by 6.0% during the 2nd quarter. Financial Advocates Investment Management now owns 10,389 shares of the utilities provider’s stock worth $285,000 after purchasing an additional 590 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BIP shares. Jefferies Financial Group raised their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 30th. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Sunday, September 15th. Finally, Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.40.

Brookfield Infrastructure Partners Stock Performance

Shares of Brookfield Infrastructure Partners stock opened at $34.70 on Thursday. The firm has a market capitalization of $16.10 billion, a P/E ratio of -204.12 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. The business’s fifty day simple moving average is $33.90 and its 200 day simple moving average is $31.10. Brookfield Infrastructure Partners L.P. has a 12 month low of $24.84 and a 12 month high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 4.67%. Brookfield Infrastructure Partners’s payout ratio is currently -952.94%.

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.