National Bank of Canada FI Has $89.36 Million Stock Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

National Bank of Canada FI raised its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 5.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,550,270 shares of the utilities provider's stock after buying an additional 130,371 shares during the period. National Bank of Canada FI owned about 0.55% of Brookfield Infrastructure Partners worth $89,362,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BIP. Cedar Mountain Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners in the third quarter worth approximately $26,000. Asset Dedication LLC purchased a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $46,000. Truvestments Capital LLC acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $77,000. Eastern Bank purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at $158,000. Finally, Colonial River Investments LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the third quarter worth $200,000. Institutional investors and hedge funds own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Down 1.5 %

Shares of BIP traded down $0.51 during midday trading on Friday, reaching $34.41. 371,979 shares of the stock were exchanged, compared to its average volume of 312,821. The company has a market cap of $15.89 billion, a price-to-earnings ratio of -90.55 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. Brookfield Infrastructure Partners L.P. has a 12-month low of $24.84 and a 12-month high of $36.50. The firm has a 50 day simple moving average of $34.73 and a 200-day simple moving average of $31.94.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 4.71%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure Partners's dividend payout ratio is -426.32%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BIP shares. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Jefferies Financial Group upped their target price 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 raised their price target on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.20.

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.