Horizon Kinetics Asset Management LLC Sells 2,200 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Horizon Kinetics Asset Management LLC lowered its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,171 shares of the utilities provider’s stock after selling 2,200 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Brookfield Infrastructure Partners were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BIP. Triasima Portfolio Management inc. raised its position in shares of Brookfield Infrastructure Partners by 1.1% in the 4th quarter. Triasima Portfolio Management inc. now owns 33,330 shares of the utilities provider’s stock valued at $1,059,000 after acquiring an additional 350 shares during the period. Avantax Advisory Services Inc. increased its stake in Brookfield Infrastructure Partners by 8.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,096 shares of the utilities provider’s stock valued at $257,000 after purchasing an additional 602 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Brookfield Infrastructure Partners by 11.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,119 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 707 shares during the period. Promus Capital LLC bought a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth $26,000. Finally, Dunhill Financial LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at $30,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Trading Up 3.2 %

NYSE:BIP opened at $28.91 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50. The company has a market cap of $13.42 billion, a P/E ratio of 722.81 and a beta of 1.10. The business has a 50 day moving average price of $31.73 and a two-hundred day moving average price of $33.02.

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, beating 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%. As a group, analysts expect that Brookfield Infrastructure Partners L.P. will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.95%. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s dividend payout ratio is presently 4,300.00%.

Analyst Ratings Changes

Several analysts recently commented on BIP shares. TD Securities raised their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Raymond James lifted 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 research note on Thursday, January 30th. Finally, Scotiabank increased their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. 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 company’s stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners presently has an average rating of “Buy” and a consensus target price of $42.50.

About Brookfield Infrastructure Partners

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.