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

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) was the recipient of a significant decline in short interest during 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 daily volume of 322,800 shares, the days-to-cover ratio is currently 4.8 days.

Analysts Set New Price Targets

BIP has been the topic of several recent analyst reports. TD Securities increased their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three equities research 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.20.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock traded down $0.39 during mid-day trading on Monday, reaching $32.33. 91,872 shares of the stock traded hands, compared to its average volume of 422,998. The stock has a market capitalization of $14.93 billion, a PE ratio of -86.11 and a beta of 1.05. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. The business’s 50-day moving average is $34.64 and its 200-day moving average is $32.10. Brookfield Infrastructure Partners has a 12-month low of $24.84 and a 12-month high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

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

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Cedar Mountain Advisors LLC purchased a new stake in Brookfield Infrastructure Partners during the third quarter valued at approximately $26,000. Dunhill Financial LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter worth $30,000. Asset Dedication LLC bought a new position in Brookfield Infrastructure Partners in the 2nd quarter worth $46,000. Truvestments Capital LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter valued at $77,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Brookfield Infrastructure Partners during the third quarter valued at about $101,000. Hedge funds and other 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.