Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP raised its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 197.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,941 shares of the utilities provider's stock after buying an additional 47,792 shares during the period. GSA Capital Partners LLP's holdings in Brookfield Infrastructure Partners were worth $2,521,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC purchased a new position in Brookfield Infrastructure Partners in the third quarter valued at about $26,000. Clear Point Advisors Inc. acquired a new stake in Brookfield Infrastructure Partners during the first quarter worth approximately $33,000. Bank & Trust Co acquired a new stake in Brookfield Infrastructure Partners during the second quarter worth approximately $31,000. Park Place Capital Corp acquired a new stake in Brookfield Infrastructure Partners during the second quarter worth approximately $41,000. Finally, Asset Dedication LLC acquired a new stake in Brookfield Infrastructure Partners during the second quarter worth approximately $46,000. 57.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on BIP shares. Jefferies Financial Group raised 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. TD Securities boosted 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 note on Thursday, November 7th. StockNews.com cut shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a "strong-buy" rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $40.20.

Brookfield Infrastructure Partners Stock Down 0.1 %

Shares of Brookfield Infrastructure Partners stock traded down $0.03 during trading on Tuesday, reaching $34.79. The company had a trading volume of 266,044 shares, compared to its average volume of 431,960. The company has a market cap of $16.06 billion, a price-to-earnings ratio of -91.55 and a beta of 1.06. The firm's fifty day moving average is $34.10 and its 200-day moving average is $31.32. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.76 and a current ratio of 0.03. Brookfield Infrastructure Partners L.P. has a fifty-two week low of $24.84 and a fifty-two week high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.66%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently -426.32%.

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.