Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. increased its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 8,540.8% in the 4th quarter, Holdings Channel reports. The firm owned 28,774 shares of the utilities provider’s stock after purchasing an additional 28,441 shares during the period. UMB Bank n.a.’s holdings in Brookfield Infrastructure Partners were worth $915,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Citigroup Inc. lifted its position in shares of Brookfield Infrastructure Partners by 159.5% in the third quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider’s stock valued at $6,147,000 after acquiring an additional 107,821 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Brookfield Infrastructure Partners by 197.9% in the 3rd quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider’s stock valued at $2,521,000 after purchasing an additional 47,792 shares in the last quarter. FMR LLC boosted its stake in Brookfield Infrastructure Partners by 87.1% during the 3rd quarter. FMR LLC now owns 24,090 shares of the utilities provider’s stock worth $844,000 after purchasing an additional 11,217 shares during the last quarter. National Bank of Canada FI boosted its stake in Brookfield Infrastructure Partners by 5.4% during the 3rd quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock worth $89,362,000 after purchasing an additional 130,371 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $2,566,000. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Price Performance

BIP stock opened at $32.43 on Wednesday. Brookfield Infrastructure Partners L.P. has a 52-week low of $24.84 and a 52-week high of $36.50. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. The stock has a market cap of $15.05 billion, a price-to-earnings ratio of -85.35 and a beta of 1.07. The business has a fifty day moving average of $33.08 and a two-hundred day moving average of $32.78.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group boosted their price target 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. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Raymond James increased their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a report on Tuesday. Finally, TD Securities boosted their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Three research 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.60.

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.