Brookfield Infrastructure Partners L.P. (NYSE:BIP) Short Interest Down 10.4% in December

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 1,380,000 shares, a decrease of 10.4% from the November 30th total of 1,540,000 shares. Based on an average trading volume of 349,800 shares, the short-interest ratio is presently 3.9 days.

Institutional Trading of Brookfield Infrastructure Partners

A number of hedge funds have recently modified their holdings of BIP. Creative Planning raised its position in Brookfield Infrastructure Partners by 0.6% during the third quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock valued at $2,363,000 after buying an additional 389 shares during the period. Insight Folios Inc lifted its position in shares of Brookfield Infrastructure Partners by 3.2% in 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. EP Wealth Advisors LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 3.4% during the second quarter. EP Wealth Advisors LLC now owns 18,068 shares of the utilities provider’s stock worth $496,000 after purchasing an additional 591 shares during the period. Cedar Mountain Advisors LLC acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $26,000. Finally, Tacita Capital Inc increased its stake in Brookfield Infrastructure Partners by 0.6% in the 3rd quarter. Tacita Capital Inc now owns 147,208 shares of the utilities provider’s stock valued at $5,173,000 after buying an additional 837 shares during the period. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, September 30th. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, TD Securities upped their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Brookfield Infrastructure Partners Trading Up 0.3 %

Shares of Brookfield Infrastructure Partners stock traded up $0.08 during trading on Wednesday, hitting $31.79. The stock had a trading volume of 239,000 shares, compared to its average volume of 423,471. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $14.68 billion, a PE ratio of -83.66 and a beta of 1.05. Brookfield Infrastructure Partners has a 1 year low of $24.84 and a 1 year high of $36.50. The stock has a 50 day simple moving average of $33.83 and a 200 day simple moving average of $32.36.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently -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.