Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Free Report) TSE: BIP.UN by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,485 shares of the utilities provider's stock after selling 19,035 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Brookfield Infrastructure Partners were worth $5,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth about $26,000. Asset Dedication LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 2nd quarter valued at about $46,000. Truvestments Capital LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $77,000. Eastern Bank purchased a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $158,000. Finally, Colonial River Investments LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $200,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BIP has been the topic of several analyst reports. TD Securities raised their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Jefferies Financial Group raised 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, StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. Three equities research 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.20.

Brookfield Infrastructure Partners Price Performance

NYSE BIP traded up $0.29 during mid-day trading on Thursday, reaching $34.93. 95,116 shares of the company's stock traded hands, compared to its average volume of 423,464. Brookfield Infrastructure Partners L.P. has a 1-year low of $24.84 and a 1-year high of $36.50. The company has a fifty day simple moving average of $34.75 and a 200-day simple moving average of $31.88. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.405 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.64%. Brookfield Infrastructure Partners's payout ratio is -426.32%.

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.