Lincluden Management Ltd. Sells 13,432 Shares of Brookfield Infrastructure Partners LP $BIP

Lincluden Management Ltd. cut its stake in shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 576,851 shares of the utilities provider’s stock after selling 13,432 shares during the period. Brookfield Infrastructure Partners accounts for approximately 2.1% of Lincluden Management Ltd.’s portfolio, making the stock its 17th largest holding. Lincluden Management Ltd.’s holdings in Brookfield Infrastructure Partners were worth $19,307,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BIP. North Capital Inc. bought a new position in Brookfield Infrastructure Partners during the first quarter valued at approximately $35,000. SouthState Corp bought a new position in shares of Brookfield Infrastructure Partners in the first quarter worth approximately $37,000. Farther Finance Advisors LLC grew its holdings in shares of Brookfield Infrastructure Partners by 565.6% in the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 1,906 shares during the last quarter. Pandora Wealth Inc. purchased a new stake in Brookfield Infrastructure Partners in the first quarter worth $80,000. Finally, State of Wyoming purchased a new stake in Brookfield Infrastructure Partners in the first quarter worth $97,000. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Trading Up 1.0%

Shares of NYSE:BIP opened at $34.35 on Friday. Brookfield Infrastructure Partners LP has a 1 year low of $25.72 and a 1 year high of $36.50. The firm has a market capitalization of $15.92 billion, a P/E ratio of 687.14 and a beta of 1.16. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.88 and a quick ratio of 0.85. The business’s 50-day moving average is $31.45 and its 200 day moving average is $31.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the business earned $0.77 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. On average, research analysts predict that Brookfield Infrastructure Partners LP will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Infrastructure Partners’s payout ratio is presently 3,440.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank Of Canada set a $40.00 price target on Brookfield Infrastructure Partners and gave the stock an “outperform” rating in a research note on Wednesday, August 27th. Jefferies Financial Group started coverage on Brookfield Infrastructure Partners in a report on Friday, August 29th. They set a “buy” rating and a $35.00 price target for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a report on Wednesday. National Bank Financial upgraded Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Finally, Wall Street Zen cut Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Brookfield Infrastructure Partners has an average rating of “Moderate Buy” and a consensus price target of $40.14.

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.