Brookfield Infrastructure Partners L.P. (NYSE:BIP) Sees Large Decrease in Short Interest

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,540,000 shares, a drop of 7.8% from the November 15th total of 1,670,000 shares. Based on an average trading volume of 322,800 shares, the short-interest ratio is presently 4.8 days.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP traded up $0.13 during trading hours on Tuesday, reaching $32.49. 392,489 shares of the company traded hands, compared to its average volume of 425,331. The stock has a market capitalization of $15.00 billion, a P/E ratio of -84.37 and a beta of 1.05. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. The business has a fifty day moving average price of $34.60 and a 200-day moving average price of $32.13. Brookfield Infrastructure Partners has a 12-month low of $24.84 and a 12-month high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is -426.32%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BIP. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Jefferies Financial Group upped their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, TD Securities increased their price target 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. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.20.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Institutional investors have recently bought and sold shares of the business. Citigroup Inc. increased its stake in shares of Brookfield Infrastructure Partners by 159.5% in the 3rd quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider’s stock valued at $6,147,000 after purchasing an additional 107,821 shares in the last quarter. GSA Capital Partners LLP lifted its position in Brookfield Infrastructure Partners by 197.9% in the third quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider’s stock valued at $2,521,000 after buying an additional 47,792 shares during the last quarter. National Bank of Canada FI lifted its stake in Brookfield Infrastructure Partners by 5.4% during the 3rd quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock worth $89,362,000 after acquiring an additional 130,371 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at $2,566,000. Finally, Sequoia Financial Advisors LLC lifted its stake in Brookfield Infrastructure Partners by 137.8% in the third quarter. Sequoia Financial Advisors LLC now owns 564,621 shares of the utilities provider’s stock worth $19,784,000 after acquiring an additional 327,143 shares during the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

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.