Guardian Capital Advisors LP raised its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,295 shares of the utilities provider’s stock after buying an additional 3,052 shares during the quarter. Guardian Capital Advisors LP’s holdings in Brookfield Infrastructure Partners were worth $3,752,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BIP. Tower Research Capital LLC TRC boosted its holdings in shares of Brookfield Infrastructure Partners by 2,000.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,100 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 2,000 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $109,000. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $210,000. Essex Financial Services Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth $212,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the second quarter worth $203,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Brookfield Infrastructure Partners L.P. (NYSE BIP) opened at $43.88 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $12,156.57, a price-to-earnings ratio of 162.85, a P/E/G ratio of 1.28 and a beta of 1.05. Brookfield Infrastructure Partners L.P. has a 52-week low of $32.04 and a 52-week high of $44.91.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Wednesday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 644.44%.

Brookfield Infrastructure Partners declared that its Board of Directors has authorized a stock repurchase program on Tuesday, November 7th that permits the company to repurchase 13,820,000 outstanding shares. This repurchase authorization permits the utilities provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets cut Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a report on Tuesday, August 22nd. Scotiabank restated an “outperform” rating and set a $59.50 price objective on shares of Brookfield Infrastructure Partners in a report on Tuesday, November 28th. Zacks Investment Research cut Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Royal Bank of Canada raised their price objective on Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Finally, Credit Suisse Group assumed coverage on Brookfield Infrastructure Partners in a report on Monday, September 18th. They set a “neutral” rating and a $44.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.15.

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Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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Institutional Ownership by Quarter for Brookfield Infrastructure Partners (NYSE:BIP)

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