Brookfield Infrastructure Partners L.P. (NYSE:BIP) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its holdings in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 20.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,307 shares of the utilities provider’s stock after selling 5,102 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Brookfield Infrastructure Partners were worth $712,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BIP. Cedar Mountain Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at approximately $26,000. Clear Point Advisors Inc. acquired a new stake in shares of Brookfield Infrastructure Partners in the first quarter valued at about $33,000. Bank & Trust Co purchased a new stake in shares of Brookfield Infrastructure Partners during the second quarter worth about $31,000. Park Place Capital Corp acquired a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter worth about $41,000. Finally, Asset Dedication LLC purchased a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at about $46,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Up 0.4 %

Shares of BIP opened at $34.19 on Friday. The company’s 50-day moving average price is $34.28 and its 200 day moving average price is $31.41. 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 0.03, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. The firm has a market cap of $15.79 billion, a P/E ratio of -89.97 and a beta of 1.06.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.405 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 4.74%. Brookfield Infrastructure Partners’s dividend payout ratio is currently -426.32%.

Analyst Upgrades and Downgrades

Several research firms have commented on BIP. TD Securities boosted their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group lifted their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.20.

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.