Brookfield Infrastructure Partners L.P. (NYSE:BIP) Short Interest Down 7.8% in November

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

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP opened at $32.49 on Wednesday. Brookfield Infrastructure Partners has a 1 year low of $24.84 and a 1 year high of $36.50. The firm has a market cap of $15.00 billion, a P/E ratio of -85.50 and a beta of 1.05. The stock has a fifty day moving average price of $34.60 and a two-hundred day moving average price of $32.13. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure Partners’s payout ratio is currently -426.32%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Jefferies Financial Group lifted 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 report on Monday, September 30th. TD Securities lifted 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. Finally, StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Brookfield Infrastructure Partners presently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several large investors have recently made changes to their positions in the business. Raymond James & Associates lifted its stake in Brookfield Infrastructure Partners by 2.2% during the second quarter. Raymond James & Associates now owns 573,801 shares of the utilities provider’s stock valued at $15,745,000 after purchasing an additional 12,207 shares during the last quarter. Nexus Investment Management ULC boosted its stake in shares of Brookfield Infrastructure Partners by 8.8% during the 2nd quarter. Nexus Investment Management ULC now owns 1,220,204 shares of the utilities provider’s stock worth $33,497,000 after acquiring an additional 98,269 shares in the last quarter. Tranquility Partners LLC grew its holdings in shares of Brookfield Infrastructure Partners by 15.8% in the 2nd quarter. Tranquility Partners LLC now owns 79,167 shares of the utilities provider’s stock worth $2,172,000 after acquiring an additional 10,806 shares during the last quarter. Harbor Advisory Corp MA grew its holdings in shares of Brookfield Infrastructure Partners by 0.5% in the 2nd quarter. Harbor Advisory Corp MA now owns 253,135 shares of the utilities provider’s stock worth $6,946,000 after acquiring an additional 1,142 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. raised its position in shares of Brookfield Infrastructure Partners by 0.7% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 417,307 shares of the utilities provider’s stock worth $11,451,000 after purchasing an additional 3,090 shares during the period. Institutional investors own 57.92% of the company’s stock.

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.