Gold Investment Management Ltd. Sells 4,396 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Gold Investment Management Ltd. lowered its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,514 shares of the utilities provider’s stock after selling 4,396 shares during the period. Brookfield Infrastructure Partners makes up about 2.1% of Gold Investment Management Ltd.’s portfolio, making the stock its 12th largest holding. Gold Investment Management Ltd.’s holdings in Brookfield Infrastructure Partners were worth $4,933,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in Brookfield Infrastructure Partners by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider’s stock valued at $834,282,000 after purchasing an additional 616,373 shares during the period. Intact Investment Management Inc. bought a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at about $40,286,000. Pathway Financial Advisers LLC boosted its holdings in Brookfield Infrastructure Partners by 1,616.3% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,079,521 shares of the utilities provider’s stock valued at $37,826,000 after purchasing an additional 1,016,623 shares during the period. Insight Folios Inc lifted its holdings in shares of Brookfield Infrastructure Partners by 3.2% during the 3rd quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider’s stock worth $587,000 after acquiring an additional 525 shares during the period. Finally, Boston Trust Walden Corp bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth approximately $212,000. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Down 0.7 %

Shares of NYSE BIP opened at $33.98 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.76 and a current ratio of 0.81. Brookfield Infrastructure Partners L.P. has a 52-week low of $24.84 and a 52-week high of $36.50. The firm has a 50 day moving average price of $33.93 and a two-hundred day moving average price of $31.12. The stock has a market cap of $15.69 billion, a P/E ratio of -201.22 and a beta of 1.06.

Brookfield Infrastructure Partners Dividend Announcement

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 given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 4.77%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently -952.89%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BIP. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a report on Friday, August 2nd. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Sunday, September 15th. Jefferies Financial Group upped their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, TD Securities upped their price target on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

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.