Sanibel Captiva Trust Company Inc. Sells 470 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Sanibel Captiva Trust Company Inc. lessened its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,573 shares of the utilities provider’s stock after selling 470 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Brookfield Infrastructure Partners were worth $3,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BIP. Cedar Mountain Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners in the third quarter worth $26,000. Dunhill Financial LLC bought a new position in Brookfield Infrastructure Partners in the 3rd quarter worth about $30,000. Truvestments Capital LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at about $77,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $101,000. Finally, Eastern Bank purchased a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $158,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE:BIP opened at $31.23 on Friday. Brookfield Infrastructure Partners L.P. has a 12-month low of $24.84 and a 12-month high of $36.50. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. The stock’s 50-day moving average price is $33.15 and its 200-day moving average price is $32.70.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a $0.405 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 5.19%. Brookfield Infrastructure Partners’s payout ratio is currently -426.32%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BIP. TD Securities lifted their target price on shares of 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 increased their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of “Moderate Buy” and an average 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.