Lincluden Management Ltd. Has $19.06 Million Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Lincluden Management Ltd. cut its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,739 shares of the utilities provider’s stock after selling 19,569 shares during the quarter. Brookfield Infrastructure Partners makes up 2.3% of Lincluden Management Ltd.’s portfolio, making the stock its 14th largest position. Lincluden Management Ltd. owned about 0.13% of Brookfield Infrastructure Partners worth $19,058,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Compass Planning Associates Inc bought a new stake in Brookfield Infrastructure Partners during the fourth quarter worth about $28,000. Dunhill Financial LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $30,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth approximately $32,000. Stonebridge Financial Group LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter worth approximately $44,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $77,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BIP shares. TD Securities upped their price target on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Scotiabank upped their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company 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. Raymond James boosted their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 30th. Finally, StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of “Buy” and an average price target of $42.50.

Brookfield Infrastructure Partners Stock Down 0.5 %

Brookfield Infrastructure Partners stock opened at $32.83 on Tuesday. The company’s 50-day moving average price is $32.34 and its two-hundred day moving average price is $33.23. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. The stock has a market cap of $15.24 billion, a P/E ratio of 820.96 and a beta of 1.08. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50.

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, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. As a group, analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 5.24%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 4,051.01%.

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.