Citigroup Inc. Grows Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Citigroup Inc. increased its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIPFree Report) (TSE:BIP.UN) by 159.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,434 shares of the utilities provider’s stock after acquiring an additional 107,821 shares during the quarter. Citigroup Inc.’s holdings in Brookfield Infrastructure Partners were worth $6,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Wulff Hansen & CO. grew its position in shares of Brookfield Infrastructure Partners by 2,562.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,615,448 shares of the utilities provider’s stock worth $44,328,000 after buying an additional 1,554,782 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Brookfield Infrastructure Partners by 7.1% in the 2nd quarter. Principal Financial Group Inc. now owns 23,193,050 shares of the utilities provider’s stock worth $636,417,000 after purchasing an additional 1,540,223 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter worth about $410,650,000. Intact Investment Management Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $40,286,000. Finally, CCLA Investment Management raised its position in shares of Brookfield Infrastructure Partners by 35.0% in the 2nd quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider’s stock worth $119,180,000 after acquiring an additional 1,125,964 shares in the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $34.97 on Monday. Brookfield Infrastructure Partners L.P. has a 12-month low of $24.84 and a 12-month high of $36.50. 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 stock has a market capitalization of $16.15 billion, a P/E ratio of -92.03 and a beta of 1.06. The stock has a 50-day moving average price of $34.69 and a 200 day moving average price of $31.80.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a $0.405 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.63%. Brookfield Infrastructure Partners’s payout ratio is currently -426.32%.

Analyst Upgrades and Downgrades

BIP has been the topic of a number of research analyst reports. Jefferies Financial Group upped their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 30th. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, TD Securities boosted their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Brookfield Infrastructure Partners has an average rating of “Moderate Buy” and a consensus target price of $40.20.

Read Our Latest Stock Report on BIP

Brookfield Infrastructure Partners Company Profile

(Free Report)

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.

See Also

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

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