Short Interest in Brookfield Infrastructure Partners LP (NYSE:BIP) Increases By 47.2%

Key Points

• Short interest in Brookfield Infrastructure Partners LP increased by 47.2% in September 2023, totaling 668,500 shares.
• The company declared a quarterly dividend of $0.43 per share, representing a 5.0% yield and an annualized amount of $1.72.
• Analysts have mixed ratings on Brookfield Infrastructure Partners, with a consensus rating of "Moderate Buy" and an average price target of $40.14.

Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 668,500 shares, an increase of 47.2% from the September 15th total of 454,100 shares. Based on an average daily trading volume, of 537,900 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 537,900 shares, the short-interest ratio is currently 1.2 days.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $34.28 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.88. The company has a market cap of $15.89 billion, a PE ratio of 685.64 and a beta of 1.16. The business has a 50-day simple moving average of $32.07 and a two-hundred day simple moving average of $31.75. Brookfield Infrastructure Partners has a fifty-two week low of $25.72 and a fifty-two week high of $36.30.

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

Brookfield Infrastructure Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently 3,440.00%.

Analysts Set New Price Targets

BIP has been the subject of several recent research reports. Jefferies Financial Group began coverage on Brookfield Infrastructure Partners in a research report on Friday, August 29th. They issued a "buy" rating and a $35.00 price target for the company. National Bank Financial upgraded Brookfield Infrastructure Partners from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 25th. National Bankshares set a $35.00 target price on Brookfield Infrastructure Partners and gave the company an "outperform" rating in a research note on Friday, September 26th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Brookfield Infrastructure Partners in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday, September 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of "Moderate Buy" and an average price target of $40.14.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several institutional investors have recently added to or reduced their stakes in the business. North Capital Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth about $35,000. SouthState Corp acquired a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth about $37,000. City Holding Co. acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth about $59,000. Caldwell Trust Co acquired a new stake in shares of Brookfield Infrastructure Partners during the second quarter worth about $66,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Brookfield Infrastructure Partners by 17.7% during the third quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider's stock worth $71,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 57.92% of the company's stock.

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.

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