Brookfield Infrastructure Partners L.P. (NYSE:BIP) Short Interest Update

Brookfield Infrastructure Partners L.P. (NYSE:BIP - Get Free Report) TSE: BIP.UN was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 1,660,000 shares, a drop of 6.7% from the September 30th total of 1,780,000 shares. Based on an average trading volume of 337,000 shares, the short-interest ratio is currently 4.9 days.

Analyst Ratings Changes

A number of analysts have recently commented on BIP shares. Cibc World Mkts upgraded 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 Sunday, September 15th. Finally, Jefferies Financial Group lifted their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Brookfield Infrastructure Partners presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.50.

Institutional Trading of Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently made changes to their positions in the company. NBC Securities Inc. boosted its stake in Brookfield Infrastructure Partners by 1.0% during the second quarter. NBC Securities Inc. now owns 40,471 shares of the utilities provider's stock worth $1,110,000 after buying an additional 381 shares during the period. Creative Planning increased its holdings in Brookfield Infrastructure Partners by 0.6% in the 3rd quarter. Creative Planning now owns 67,445 shares of the utilities provider's stock valued at $2,363,000 after purchasing an additional 389 shares during the last quarter. Callahan Advisors LLC raised its position 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 valued at $607,000 after purchasing an additional 450 shares during the period. Insight Folios Inc lifted its stake in Brookfield Infrastructure Partners by 3.2% during the third quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider's stock worth $587,000 after purchasing an additional 525 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its stake in 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 worth $285,000 after purchasing an additional 590 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company's stock.

Brookfield Infrastructure Partners Price Performance

NYSE BIP traded down $0.74 during trading hours on Thursday, hitting $34.24. 300,943 shares of the company's stock traded hands, compared to its average volume of 433,951. The company has a market capitalization of $15.88 billion, a PE ratio of 112.63 and a beta of 1.06. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.81 and a quick ratio of 0.76. Brookfield Infrastructure Partners has a 52-week low of $22.21 and a 52-week high of $36.50. The firm's 50-day moving average is $33.74 and its 200-day moving average is $30.80.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its earnings results on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.80). Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The company had revenue of $5.14 billion during the quarter, compared to analysts' expectations of $1.91 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm's quarterly revenue was up 20.7% compared to the same quarter last year. Equities analysts forecast that Brookfield Infrastructure Partners will post 3.15 EPS for the current fiscal year.

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.