Brookfield Infrastructure Partners L.P. (NYSE:BIP) Sees Significant Decrease in Short Interest

Brookfield Infrastructure Partners L.P. (NYSE:BIP - Get Free Report) TSE: BIP.UN was the target of a significant drop in short interest in November. As of November 30th, there was short interest totalling 1,540,000 shares, a drop of 7.8% from the November 15th total of 1,670,000 shares. Based on an average daily volume of 322,800 shares, the short-interest ratio is presently 4.8 days.

Wall Street Analyst Weigh In

Several brokerages have commented on BIP. StockNews.com raised shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. TD Securities upped their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group increased their price target on 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 analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.20.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE:BIP traded down $0.36 on Monday, hitting $32.36. The company had a trading volume of 291,309 shares, compared to its average volume of 423,850. The stock has a market cap of $14.94 billion, a price-to-earnings ratio of -85.16 and a beta of 1.05. The stock has a 50 day moving average price of $34.64 and a 200 day moving average price of $32.10. Brookfield Infrastructure Partners has a 1-year low of $24.84 and a 1-year high of $36.50. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure Partners's dividend payout ratio is currently -426.32%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of hedge funds have recently added to or reduced their stakes in BIP. B. Riley Wealth Advisors Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $277,000. Wilmington Savings Fund Society FSB bought a new position in Brookfield Infrastructure Partners in the third quarter valued at approximately $101,000. Toronto Dominion Bank raised its position in Brookfield Infrastructure Partners by 24.6% during the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider's stock valued at $140,273,000 after purchasing an additional 790,078 shares in the last quarter. Empire Financial Management Company LLC raised its position in Brookfield Infrastructure Partners by 46.8% during the third quarter. Empire Financial Management Company LLC now owns 34,719 shares of the utilities provider's stock valued at $1,217,000 after purchasing an additional 11,069 shares in the last quarter. Finally, Dunhill Financial LLC bought a new stake in Brookfield Infrastructure Partners during the third quarter worth $30,000. Institutional investors own 57.92% of the company's stock.

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.