Cerity Partners LLC Has $5.05 Million Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Cerity Partners LLC lessened its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 11.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,085 shares of the utilities provider's stock after selling 18,185 shares during the quarter. Cerity Partners LLC's holdings in Brookfield Infrastructure Partners were worth $5,049,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the third quarter valued at $26,000. Bank & Trust Co acquired a new stake in shares of Brookfield Infrastructure Partners in the second quarter worth $31,000. Park Place Capital Corp purchased a new position in Brookfield Infrastructure Partners in the second quarter valued at about $41,000. Asset Dedication LLC acquired a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $46,000. Finally, Eastern Bank purchased a new position in shares of Brookfield Infrastructure Partners in the third quarter valued at $158,000. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP traded up $0.03 during trading hours on Friday, reaching $34.98. The stock had a trading volume of 328,030 shares, compared to its average volume of 426,104. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. The business's fifty day moving average is $34.66 and its two-hundred day moving average is $31.75. The company has a market cap of $16.15 billion, a price-to-earnings ratio of -92.55 and a beta of 1.06.

Brookfield Infrastructure Partners Dividend Announcement

The firm 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. This represents a $1.62 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently -426.32%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BIP shares. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a "strong-buy" rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. TD Securities boosted their price target on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group raised their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.20.

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.