Brookfield Infrastructure Partners LP (BIP) is Woodmont Investment Counsel LLC’s 9th Largest Position

Woodmont Investment Counsel LLC continued to hold its stake in Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,041 shares of the utilities provider’s stock at the end of the first quarter. Brookfield Infrastructure Partners accounts for 1.8% of Woodmont Investment Counsel LLC’s investment portfolio, making the stock its 9th largest position. Woodmont Investment Counsel LLC owned 0.07% of Brookfield Infrastructure Partners worth $6,327,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brookfield Asset Management Inc. increased its stake in Brookfield Infrastructure Partners by 50.0% in the third quarter. Brookfield Asset Management Inc. now owns 249,645 shares of the utilities provider’s stock worth $8,648,000 after buying an additional 83,215 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Brookfield Infrastructure Partners by 26.6% in the third quarter. D.A. Davidson & CO. now owns 62,079 shares of the utilities provider’s stock worth $2,150,000 after buying an additional 13,029 shares in the last quarter. Tuttle Tactical Management LLC acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter worth $508,000. Cetera Advisors LLC increased its position in shares of Brookfield Infrastructure Partners by 57.4% in the third quarter. Cetera Advisors LLC now owns 9,539 shares of the utilities provider’s stock worth $329,000 after buying an additional 3,479 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position in shares of Brookfield Infrastructure Partners by 10.2% in the third quarter. 1832 Asset Management L.P. now owns 4,832,770 shares of the utilities provider’s stock worth $167,481,000 after buying an additional 447,171 shares in the last quarter. Institutional investors and hedge funds own 34.61% of the company’s stock.

Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) traded down 0.86% during midday trading on Tuesday, reaching $40.50. 82,859 shares of the company traded hands. The company has a 50-day moving average of $39.98 and a 200 day moving average of $36.94. Brookfield Infrastructure Partners LP has a 12-month low of $27.79 and a 12-month high of $41.33. The firm has a market capitalization of $10.51 billion, a PE ratio of 44.41 and a beta of 1.13.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, May 31st will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Friday, May 26th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 188.45%.

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A number of analysts have weighed in on the company. CSFB raised Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $44.00 in a research report on Friday. BidaskClub cut Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Monday. Scotiabank upped their price objective on Brookfield Infrastructure Partners from $40.00 to $57.00 and gave the company an “outperform” rating in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Brookfield Infrastructure Partners currently has a consensus rating of “Buy” and an average target price of $45.43.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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