Brookfield Infrastructure Partners LP (NYSE:BIP) Short Interest Update

Key Points

• Short interest in Brookfield Infrastructure Partners LP increased by 22.2% in August, totaling 532,400 shares as of August 31st.
• Analysts project a consensus "Buy" rating for the stock with a target price of $41.00, although one report downgraded it from "hold" to "sell."
• The company recently announced a quarterly dividend of $0.43 per share, representing a yield of 5.5%.

Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 532,400 shares, a growth of 22.2% from the August 15th total of 435,700 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 484,300 shares, the short-interest ratio is currently 1.1 days. Based on an average trading volume of 484,300 shares, the short-interest ratio is currently 1.1 days. Currently, 0.1% of the shares of the company are sold short.

Brookfield Infrastructure Partners Price Performance

Shares of BIP stock traded down $0.13 during trading hours on Friday, hitting $30.94. The company's stock had a trading volume of 865,751 shares, compared to its average volume of 518,549. The business has a fifty day moving average of $31.09 and a 200-day moving average of $31.04. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of 618.92 and a beta of 1.10. Brookfield Infrastructure Partners has a twelve month low of $25.72 and a twelve month high of $36.50. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The firm had revenue of $5.43 billion for 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%.The firm's revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. As a group, equities research analysts anticipate that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Infrastructure Partners's payout ratio is presently 3,440.00%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Jefferies Financial Group started coverage on Brookfield Infrastructure Partners in a research report on Friday, August 29th. They set a "buy" rating and a $35.00 price target on the stock. Wall Street Zen lowered shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday, September 6th. Finally, 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 research report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $41.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BIP. North Capital Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the 1st quarter worth about $35,000. SouthState Corp purchased a new position in Brookfield Infrastructure Partners during the first quarter valued at approximately $37,000. Parallel Advisors LLC bought a new stake in Brookfield Infrastructure Partners in the first quarter worth approximately $45,000. Farther Finance Advisors LLC grew its position in Brookfield Infrastructure Partners by 565.6% in the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock worth $68,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of Brookfield Infrastructure Partners by 23.1% in the second quarter. Harbour Investments Inc. now owns 2,523 shares of the utilities provider's stock worth $85,000 after buying an additional 474 shares during the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

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.