Short Interest in Brookfield Infrastructure Partners LP (NYSE:BIP) Declines By 36.7%

Key Points

• Brookfield Infrastructure Partners LP experienced a significant decrease in short interest, dropping 36.7% in August to a total of 435,700 shares.
• The company announced a quarterly dividend of $0.43 per share, representing a 5.6% yield on an annualized basis, with payments scheduled for September 29th.
• Brookfield Infrastructure Partners reported $0.81 EPS for the last quarter, slightly missing analysts' estimates, while quarterly revenue grew 5.7% year-over-year to $5.43 billion.

Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN saw a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 435,700 shares, adeclineof36.7% from the July 31st total of 687,800 shares. Based on an average trading volume of 455,100 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 455,100 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Brookfield Infrastructure Partners

Large investors have recently made changes to their positions in the business. North Capital Inc. bought a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter worth about $35,000. SouthState Corp bought a new position in Brookfield Infrastructure Partners during the 1st quarter valued at about $37,000. Parallel Advisors LLC bought a new position in Brookfield Infrastructure Partners during the 1st quarter valued at about $45,000. Farther Finance Advisors LLC grew its holdings in Brookfield Infrastructure Partners by 565.6% during the 1st quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 1,906 shares during the last quarter. Finally, Harbour Investments Inc. grew its holdings in Brookfield Infrastructure Partners by 23.1% during the 2nd quarter. Harbour Investments Inc. now owns 2,523 shares of the utilities provider's stock valued at $85,000 after purchasing an additional 474 shares during the last quarter. 57.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BIP shares. Jefferies Financial Group started coverage on shares of Brookfield Infrastructure Partners in a report on Friday, August 29th. They issued a "buy" rating and a $35.00 price target on the stock. Royal Bank Of Canada set a $40.00 price target on shares of Brookfield Infrastructure Partners and gave the company an "outperform" rating in a report on Wednesday, August 27th. Finally, Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $41.00.

Brookfield Infrastructure Partners Price Performance

Shares of Brookfield Infrastructure Partners stock traded up $0.01 during trading hours on Tuesday, reaching $31.09. The company's stock had a trading volume of 55,088 shares, compared to its average volume of 514,441. The firm has a 50 day moving average price of $31.53 and a 200-day moving average price of $31.09. Brookfield Infrastructure Partners has a one year low of $25.72 and a one year high of $36.50. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.88 and a quick ratio of 0.85. The stock has a market cap of $14.41 billion, a P/E ratio of 621.94 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Brookfield Infrastructure Partners had a return on equity of 1.15% and a net margin of 1.54%.The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The business's quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a $0.43 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.5%. Brookfield Infrastructure Partners's payout ratio is 3,440.00%.

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.