Is Brookfield Infrastructure Partners LP (NYSE:BIP) Primed For a Move?

The firm owned 8,972 shares of the utilities provider's stock after buying an additional 6,350 shares during the quarter. CIBC World Markets Inc. purchased a new stake in shares of Brookfield Infrastructure Partners during the second quarter worth approximately $57,006,000. Hudock Capital Group LLC now owns 3,227 shares of the utilities provider's stock valued at $111,000 after buying an additional 1,141 shares during the last quarter. Capital World Investors lifted its position in Brookfield Infrastructure Partners by 58.9% in the second quarter. First Manhattan Co. now owns 564,697 shares of the utilities provider's stock valued at $17,979,000 after acquiring an additional 16,522 shares in the last quarter. TD Asset Management Inc. increased its stake in Brookfield Infrastructure Partners by 13.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,962 shares of the utilities provider's stock valued at $231,000 after buying an additional 405 shares during the last quarter. Finally, Bowen Hanes & Co. Brookfield Infrastructure Partners earned a news impact score of 0.19 on Accern's scale. The firm owned 4,421,590 shares of the utilities provider's stock after buying an additional 176,900 shares during the period.

Several brokerages have recently issued reports on BEP. National Bank Financial cut shares of Brookfield Renewable Partners from an "outperform" rating to a "sector perform" rating and set a $35.00 target price for the company.in a research note on Tuesday, August 8th. GMP Securities reissued a "hold" rating and set a $34.50 price objective on shares of Brookfield Renewable Partners in a research note on Friday, October 20th. Zacks Investment Research downgraded Brookfield Infrastructure Partners from a "buy" rating to a "hold" rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Finally, Scotiabank increased their price target on Brookfield Infrastructure Partners L.P. from $39.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, May 5th. The company's stock had a trading volume of 15,056 shares, compared to its average volume of 98,199. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.58 and a current ratio of 0.58.

Brookfield Infrastructure Partners L.P. has a 12 month low of $27.79 and a 12 month high of $41.00.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be given a $0.468 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 4.36%.

Brookfield Infrastructure Partners (BIP) traded up $0.10 on Monday, hitting $43.66. The ex-dividend date is Wednesday, November 29th. Bollard Group LLC boosted its position in Brookfield Infrastructure Partners L.P.by 1.1% in the first quarter. If you are accessing this news story on another site, it was illegally copied and reposted in violation of global trademark & copyright legislation. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and worldwide copyright & trademark law.

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific.

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