Summerhill Capital Management lnc. Has $10.11 Million Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Summerhill Capital Management lnc. lifted its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 318,162 shares of the utilities provider's stock after purchasing an additional 8,913 shares during the period. Brookfield Infrastructure Partners accounts for approximately 7.5% of Summerhill Capital Management lnc.'s portfolio, making the stock its 4th biggest holding. Summerhill Capital Management lnc. owned 0.07% of Brookfield Infrastructure Partners worth $10,114,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Dunhill Financial LLC bought a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at $30,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at about $32,000. Stonebridge Financial Group LLC acquired a new stake in Brookfield Infrastructure Partners during the fourth quarter worth about $44,000. Truvestments Capital LLC acquired a new stake in Brookfield Infrastructure Partners during the third quarter worth about $77,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Brookfield Infrastructure Partners during the third quarter valued at about $101,000. Institutional investors and hedge funds own 57.92% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. TD Securities lifted their price objective on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 31st. Scotiabank raised their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, February 1st. Finally, Raymond James raised their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $42.50.

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Brookfield Infrastructure Partners Price Performance

BIP stock traded down $0.38 during midday trading on Tuesday, reaching $32.42. 606,300 shares of the company's stock traded hands, compared to its average volume of 412,256. The company has a 50-day simple moving average of $32.34 and a two-hundred day simple moving average of $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. Brookfield Infrastructure Partners L.P. has a 1-year low of $24.84 and a 1-year high of $36.50. The company has a market cap of $15.05 billion, a price-to-earnings ratio of 810.70 and a beta of 1.08.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping 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%. On average, analysts anticipate that Brookfield Infrastructure Partners L.P. will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 5.31%. Brookfield Infrastructure Partners's payout ratio is currently 4,051.01%.

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.