Epiq Partners LLC Sells 3,000 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Epiq Partners LLC decreased its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.2% in the fourth quarter, HoldingsChannel reports. The fund owned 90,637 shares of the utilities provider’s stock after selling 3,000 shares during the quarter. Brookfield Infrastructure Partners makes up about 1.6% of Epiq Partners LLC’s portfolio, making the stock its 21st largest holding. Epiq Partners LLC’s holdings in Brookfield Infrastructure Partners were worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of BIP. Cedar Mountain Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter valued at approximately $26,000. Dunhill Financial LLC purchased a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at $30,000. Truvestments Capital LLC bought a new position in Brookfield Infrastructure Partners in the 3rd quarter worth $77,000. Wilmington Savings Fund Society FSB bought a new position in Brookfield Infrastructure Partners in the 3rd quarter worth $101,000. Finally, Eastern Bank purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth $158,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Down 1.7 %

NYSE BIP opened at $32.79 on Tuesday. The stock has a 50 day moving average price of $32.96 and a 200-day moving average price of $32.90. Brookfield Infrastructure Partners L.P. has a one year low of $24.84 and a one year high of $36.50. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. The company has a market capitalization of $15.22 billion, a P/E ratio of -86.28 and a beta of 1.07.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.405 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.94%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -426.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Friday. Raymond James upped their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 21st. TD Securities lifted their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group upped their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.60.

Brookfield Infrastructure Partners 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.