Citigroup Inc. Grows Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Citigroup Inc. lifted its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 159.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,434 shares of the utilities provider's stock after purchasing an additional 107,821 shares during the period. Citigroup Inc.'s holdings in Brookfield Infrastructure Partners were worth $6,147,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 1.0% during the 2nd quarter. NBC Securities Inc. now owns 40,471 shares of the utilities provider's stock valued at $1,110,000 after buying an additional 381 shares in the last quarter. Creative Planning boosted its stake in Brookfield Infrastructure Partners by 0.6% during the third quarter. Creative Planning now owns 67,445 shares of the utilities provider's stock worth $2,363,000 after acquiring an additional 389 shares in the last quarter. Callahan Advisors LLC grew its holdings in Brookfield Infrastructure Partners by 2.1% in the second quarter. Callahan Advisors LLC now owns 22,129 shares of the utilities provider's stock worth $607,000 after purchasing an additional 450 shares during the period. Insight Folios Inc increased its stake in shares of Brookfield Infrastructure Partners by 3.2% during the third quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider's stock valued at $587,000 after purchasing an additional 525 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its holdings in shares of Brookfield Infrastructure Partners by 6.0% during the second quarter. Financial Advocates Investment Management now owns 10,389 shares of the utilities provider's stock valued at $285,000 after purchasing an additional 590 shares during the last quarter. 57.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. Jefferies Financial Group raised 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. Finally, TD Securities upped 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 note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.20.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE:BIP traded up $0.15 during midday trading on Monday, reaching $35.12. 383,209 shares of the company's stock traded hands, compared to its average volume of 425,919. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. 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 market cap of $16.22 billion, a price-to-earnings ratio of -92.42 and a beta of 1.06. The stock has a 50 day moving average of $34.71 and a 200 day moving average of $31.84.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 4.61%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure Partners's payout ratio is presently -426.32%.

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.