Brookfield Infrastructure Partners L.P. (NYSE:BIP) Stock Holdings Lowered by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. cut its position in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 0.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,424 shares of the utilities provider’s stock after selling 332 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Brookfield Infrastructure Partners were worth $2,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIP. Citigroup Inc. boosted its position in Brookfield Infrastructure Partners by 159.5% during the 3rd quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider’s stock worth $6,147,000 after acquiring an additional 107,821 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Brookfield Infrastructure Partners by 4.6% in the third quarter. Advisors Asset Management Inc. now owns 32,093 shares of the utilities provider’s stock worth $1,125,000 after buying an additional 1,406 shares during the last quarter. PCJ Investment Counsel Ltd. boosted its position in Brookfield Infrastructure Partners by 72.3% during the third quarter. PCJ Investment Counsel Ltd. now owns 645,740 shares of the utilities provider’s stock worth $22,636,000 after purchasing an additional 271,020 shares during the period. ING Groep NV boosted its holdings in shares of Brookfield Infrastructure Partners by 16.7% during the 3rd quarter. ING Groep NV now owns 219,452 shares of the utilities provider’s stock worth $7,690,000 after buying an additional 31,452 shares during the period. Finally, Empower Advisory Group LLC bought a new stake in Brookfield Infrastructure Partners during the third quarter valued at about $229,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Down 0.3 %

BIP opened at $34.74 on Friday. The firm has a market cap of $16.04 billion, a PE ratio of -91.43 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 debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. The firm’s fifty day moving average is $34.50 and its two-hundred day moving average is $31.62.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.66%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently -426.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BIP. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. Jefferies Financial Group raised their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, TD Securities increased their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Three 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 stock presently has an average 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.