Sanibel Captiva Trust Company Inc. Trims Holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Sanibel Captiva Trust Company Inc. lowered its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 0.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 112,573 shares of the utilities provider’s stock after selling 470 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Brookfield Infrastructure Partners were worth $3,579,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cedar Mountain Advisors LLC bought a new stake in Brookfield Infrastructure Partners in the third quarter valued at $26,000. Dunhill Financial LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter worth about $30,000. Truvestments Capital LLC purchased a new position in shares of Brookfield Infrastructure Partners during the third quarter valued at about $77,000. Wilmington Savings Fund Society FSB bought a new position in Brookfield Infrastructure Partners in the third quarter worth about $101,000. Finally, Eastern Bank purchased a new stake in Brookfield Infrastructure Partners in the third quarter worth about $158,000. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Price Performance

Brookfield Infrastructure Partners stock opened at $31.23 on Friday. 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 debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. The business’s fifty day simple moving average is $33.15 and its two-hundred day simple moving average is $32.70.

Brookfield Infrastructure Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is -426.32%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BIP shares. TD Securities increased their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, Jefferies Financial Group increased their price target 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. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.20.

Brookfield Infrastructure Partners Profile

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.