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

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BIP shares. Jefferies Financial Group lifted their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 30th. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, TD Securities increased their price target on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.20.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP stock opened at $32.49 on Wednesday. The firm has a market cap of $15.00 billion, a P/E ratio of -85.50 and a beta of 1.05. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The stock’s 50-day moving average is $34.60 and its two-hundred day moving average is $32.13.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 4.99%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure Partners’s payout ratio is presently -426.32%.

Institutional Trading of Brookfield Infrastructure Partners

Large investors have recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at $26,000. Dunhill Financial LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the third quarter worth about $30,000. Asset Dedication LLC bought a new stake in shares of Brookfield Infrastructure Partners during the 2nd quarter worth about $46,000. Truvestments Capital LLC acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $77,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $101,000. 57.92% of the stock is owned by institutional investors.

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.