Summerhill Capital Management lnc. Has $10.11 Million Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Summerhill Capital Management lnc. lifted its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 2.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 318,162 shares of the utilities provider’s stock after acquiring an additional 8,913 shares during the quarter. Brookfield Infrastructure Partners accounts for about 7.5% of Summerhill Capital Management lnc.’s holdings, making the stock its 4th biggest holding. Summerhill Capital Management lnc. owned approximately 0.07% of Brookfield Infrastructure Partners worth $10,114,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BIP. Dunhill Financial LLC bought a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $30,000. Wingate Wealth Advisors Inc. bought a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at $32,000. Stonebridge Financial Group LLC bought a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at $44,000. Truvestments Capital LLC bought a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $77,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $101,000. 57.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. 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. Raymond James upped their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a report on Thursday, January 30th. TD Securities upped their price target 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. Scotiabank boosted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of “Buy” and an average target price of $42.50.

Brookfield Infrastructure Partners Stock Up 0.5 %

NYSE:BIP opened at $33.44 on Friday. The firm’s 50-day moving average price is $32.32 and its 200-day moving average price is $33.14. The company has a market capitalization of $15.52 billion, a PE ratio of 836.21 and a beta of 1.08. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72. 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 released its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share 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, equities analysts predict that Brookfield Infrastructure Partners L.P. will post 3.45 EPS 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. Stockholders of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date is Friday, February 28th. This is an increase 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 5.14%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 4,051.01%.

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.