Mirador Capital Partners LP Sells 526 Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Mirador Capital Partners LP reduced its stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,944 shares of the utilities provider’s stock after selling 526 shares during the period. Mirador Capital Partners LP’s holdings in Brookfield Infrastructure Partners were worth $221,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at about $26,000. Dunhill Financial LLC bought a new position in Brookfield Infrastructure Partners in the third quarter worth approximately $30,000. Truvestments Capital LLC acquired a new stake in Brookfield Infrastructure Partners in the third quarter valued at approximately $77,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $101,000. Finally, Eastern Bank bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $158,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Down 1.0 %

NYSE BIP opened at $30.90 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The business has a fifty day simple moving average of $33.21 and a 200 day simple moving average of $32.67. Brookfield Infrastructure Partners L.P. has a 12 month low of $24.84 and a 12 month high of $36.50. The firm has a market capitalization of $14.34 billion, a P/E ratio of -81.32 and a beta of 1.07.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.405 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 5.24%. Brookfield Infrastructure Partners’s dividend payout ratio is currently -426.32%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BIP. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. TD Securities raised their price objective 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. Finally, Jefferies Financial Group boosted their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure Partners currently has an average 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.