Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP raised its position in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 197.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 71,941 shares of the utilities provider’s stock after buying an additional 47,792 shares during the quarter. GSA Capital Partners LLP’s holdings in Brookfield Infrastructure Partners were worth $2,521,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BIP. NBC Securities Inc. grew its stake in shares of Brookfield Infrastructure Partners by 1.0% in the 2nd quarter. NBC Securities Inc. now owns 40,471 shares of the utilities provider’s stock valued at $1,110,000 after buying an additional 381 shares in the last quarter. Creative Planning lifted its holdings in shares of Brookfield Infrastructure Partners by 0.6% during the third quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock worth $2,363,000 after buying an additional 389 shares during the last quarter. Callahan Advisors LLC lifted its holdings in shares of Brookfield Infrastructure Partners by 2.1% during the second quarter. Callahan Advisors LLC now owns 22,129 shares of the utilities provider’s stock worth $607,000 after buying an additional 450 shares during the last quarter. Insight Folios Inc raised its stake 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 valued at $587,000 after purchasing an additional 525 shares in the last quarter. Finally, Financial Advocates Investment Management raised its stake in shares of Brookfield Infrastructure Partners by 6.0% in the second quarter. Financial Advocates Investment Management now owns 10,389 shares of the utilities provider’s stock valued at $285,000 after purchasing an additional 590 shares in the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Trading Up 1.5 %

Shares of BIP stock opened at $34.81 on Tuesday. The firm has a market capitalization of $16.07 billion, a P/E ratio of -91.63 and a beta of 1.06. Brookfield Infrastructure Partners L.P. has a twelve month low of $24.84 and a twelve month high of $36.50. The company has a quick ratio of 0.76, a current ratio of 0.03 and a debt-to-equity ratio of 1.58. The stock’s fifty day simple moving average is $33.98 and its 200 day simple moving average is $31.21.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared 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 of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.65%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -426.32%.

Wall Street Analyst Weigh In

BIP has been the subject of several recent analyst reports. StockNews.com lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Friday. Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. Jefferies Financial Group lifted their target price 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. 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 research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

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.