First Western Trust Bank Trims Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

First Western Trust Bank trimmed its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,120 shares of the utilities provider’s stock after selling 1,743 shares during the quarter. First Western Trust Bank’s holdings in Brookfield Infrastructure Partners were worth $460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its position in Brookfield Infrastructure Partners by 1.0% during the second quarter. NBC Securities Inc. now owns 40,471 shares of the utilities provider’s stock worth $1,110,000 after purchasing an additional 381 shares in the last quarter. Creative Planning raised its stake in shares of Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock worth $2,363,000 after buying an additional 389 shares during the period. Callahan Advisors LLC lifted its position in shares of Brookfield Infrastructure Partners by 2.1% during the 2nd quarter. Callahan Advisors LLC now owns 22,129 shares of the utilities provider’s stock valued at $607,000 after buying an additional 450 shares in the last quarter. Insight Folios Inc grew its stake in Brookfield Infrastructure Partners by 3.2% in the 3rd quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider’s stock valued at $587,000 after acquiring an additional 525 shares during the period. Finally, Financial Advocates Investment Management increased its holdings in Brookfield Infrastructure Partners by 6.0% in the 2nd quarter. Financial Advocates Investment Management now owns 10,389 shares of the utilities provider’s stock worth $285,000 after acquiring an additional 590 shares in the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 report on Saturday. TD Securities raised their price target on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group boosted their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Cibc World Mkts raised 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, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.20.

Brookfield Infrastructure Partners Stock Up 0.4 %

Shares of NYSE BIP opened at $34.20 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 1.72. The company has a 50-day moving average of $34.28 and a 200 day moving average of $31.44. Brookfield Infrastructure Partners L.P. has a 12-month low of $24.84 and a 12-month high of $36.50. The stock has a market cap of $15.79 billion, a PE ratio of -90.00 and a beta of 1.06.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 4.74%. Brookfield Infrastructure Partners’s dividend payout ratio is presently -426.32%.

About Brookfield Infrastructure Partners

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.