Hyperion Capital Advisors LP Buys 8,000 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Hyperion Capital Advisors LP raised its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,019 shares of the utilities provider’s stock after acquiring an additional 8,000 shares during the quarter. Brookfield Infrastructure Partners makes up approximately 1.6% of Hyperion Capital Advisors LP’s holdings, making the stock its 14th largest position. Hyperion Capital Advisors LP’s holdings in Brookfield Infrastructure Partners were worth $3,365,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BIP. FMR LLC raised its holdings in Brookfield Infrastructure Partners by 87.1% in the third quarter. FMR LLC now owns 24,090 shares of the utilities provider’s stock worth $844,000 after purchasing an additional 11,217 shares in the last quarter. Truvestments Capital LLC bought a new position in Brookfield Infrastructure Partners in the third quarter worth $77,000. Citigroup Inc. raised its holdings in Brookfield Infrastructure Partners by 159.5% in the third quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider’s stock worth $6,147,000 after purchasing an additional 107,821 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Brookfield Infrastructure Partners by 4.6% in the third quarter. Advisors Asset Management Inc. now owns 32,093 shares of the utilities provider’s stock worth $1,125,000 after purchasing an additional 1,406 shares in the last quarter. Finally, PCJ Investment Counsel Ltd. raised its holdings in Brookfield Infrastructure Partners by 72.3% in the third quarter. PCJ Investment Counsel Ltd. now owns 645,740 shares of the utilities provider’s stock worth $22,636,000 after purchasing an additional 271,020 shares in the last quarter. Institutional investors own 57.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Cibc World Mkts upgraded Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. Jefferies Financial Group raised their price target 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 Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, Brookfield Infrastructure Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Brookfield Infrastructure Partners Trading Up 1.5 %

Shares of NYSE:BIP opened at $35.35 on Thursday. The stock has a market capitalization of $16.32 billion, a price-to-earnings ratio of -93.03 and a beta of 1.06. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. The stock’s 50-day simple moving average is $34.63 and its two-hundred day simple moving average is $31.72. Brookfield Infrastructure Partners L.P. has a 52-week low of $24.84 and a 52-week high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

The company 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. The ex-dividend date is Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 4.58%. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

Brookfield Infrastructure Partners 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.