Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 26.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,380 shares of the utilities provider’s stock after selling 5,961 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Brookfield Infrastructure Partners were worth $516,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Financial Perspectives Inc increased its holdings in shares of Brookfield Infrastructure Partners by 193.0% during the 4th quarter. Financial Perspectives Inc now owns 7,448 shares of the utilities provider’s stock worth $235,000 after buying an additional 4,906 shares during the last quarter. CWM LLC lifted its stake in shares of Brookfield Infrastructure Partners by 33.7% in the 4th quarter. CWM LLC now owns 2,986 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 753 shares in the last quarter. Tranquility Partners LLC grew its holdings in shares of Brookfield Infrastructure Partners by 360.6% during the 4th quarter. Tranquility Partners LLC now owns 67,268 shares of the utilities provider’s stock worth $2,118,000 after purchasing an additional 52,664 shares during the period. Mackenzie Financial Corp increased its position in Brookfield Infrastructure Partners by 28.2% during the 4th quarter. Mackenzie Financial Corp now owns 7,118,909 shares of the utilities provider’s stock worth $224,468,000 after purchasing an additional 1,565,246 shares in the last quarter. Finally, Triasima Portfolio Management inc. purchased a new position in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $12,322,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Up 3.0 %

Shares of NYSE:BIP opened at $29.28 on Monday. The firm has a market cap of $13.51 billion, a PE ratio of 94.45 and a beta of 0.99. Brookfield Infrastructure Partners L.P. has a 12-month low of $21.03 and a 12-month high of $37.32. The company has a fifty day simple moving average of $28.56 and a 200 day simple moving average of $28.73.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.99). Brookfield Infrastructure Partners had a return on equity of 1.23% and a net margin of 2.05%. The company had revenue of $4.97 billion during the quarter. As a group, equities research analysts forecast that Brookfield Infrastructure Partners L.P. will post 3.29 EPS for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Infrastructure Partners’s payout ratio is 522.58%.

Analysts Set New Price Targets

Several research firms have recently issued reports on BIP. National Bank Financial lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 30th. Jefferies Financial Group cut their price objective on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Raymond James upped their target price on Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. BMO Capital Markets dropped their target price on Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, TD Securities decreased their price target on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.20.

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.