Brookfield Infrastructure Partners L.P. (NYSE:BIP) Short Interest Update

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,680,000 shares, a decline of 5.1% from the August 31st total of 1,770,000 shares. Based on an average trading volume of 381,200 shares, the short-interest ratio is presently 4.4 days.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of institutional investors have recently bought and sold shares of BIP. Bank & Trust Co bought a new position in shares of Brookfield Infrastructure Partners in the second quarter valued at approximately $31,000. Clear Point Advisors Inc. bought a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter valued at $33,000. Bromfield Sneider Wealth Advisors acquired a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth about $39,000. Park Place Capital Corp bought a new position in Brookfield Infrastructure Partners in the second quarter valued at approximately $41,000. Finally, Asset Dedication LLC bought a new position in Brookfield Infrastructure Partners during the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

NYSE:BIP traded down $0.15 during midday trading on Monday, hitting $35.04. 293,510 shares of the stock were exchanged, compared to its average volume of 451,196. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 113.03 and a beta of 1.05. The business has a 50-day moving average price of $31.90 and a two-hundred day moving average price of $29.90. Brookfield Infrastructure Partners has a one year low of $21.03 and a one year high of $35.48.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.80). The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $1.91 billion. Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Sell-side analysts predict that Brookfield Infrastructure Partners will post 3.15 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Infrastructure Partners’s payout ratio is currently 522.58%.

Analysts Set New Price Targets

Several research firms have recently commented on BIP. Jefferies Financial Group boosted 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. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Sunday, September 15th. Finally, Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure Partners has an average rating of “Moderate Buy” and an average price target of $38.50.

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.