Cahill Financial Advisors Inc. Has $2.64 Million Stake in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Cahill Financial Advisors Inc. cut its holdings in Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 0.4% during the third quarter, Holdings Channel.com reports. The firm owned 75,424 shares of the utilities provider’s stock after selling 332 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Brookfield Infrastructure Partners were worth $2,643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BIP. GSA Capital Partners LLP raised its position in Brookfield Infrastructure Partners by 197.9% during the third quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider’s stock worth $2,521,000 after acquiring an additional 47,792 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Brookfield Infrastructure Partners by 137.8% during the third quarter. Sequoia Financial Advisors LLC now owns 564,621 shares of the utilities provider’s stock worth $19,784,000 after purchasing an additional 327,143 shares during the period. Coronation Fund Managers Ltd. raised its holdings in Brookfield Infrastructure Partners by 52.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 148,416 shares of the utilities provider’s stock valued at $4,073,000 after acquiring an additional 51,378 shares in the last quarter. Inspire Investing LLC acquired a new position in Brookfield Infrastructure Partners in the third quarter valued at about $894,000. Finally, Value Partners Investments Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $596,000. 57.92% of the stock is owned by institutional investors.

Brookfield Infrastructure Partners Stock Down 0.3 %

Shares of NYSE:BIP opened at $34.74 on Friday. The firm has a market cap of $16.04 billion, a P/E ratio of -91.43 and a beta of 1.06. Brookfield Infrastructure Partners L.P. has a 52-week low of $24.84 and a 52-week high of $36.50. The business’s 50 day simple moving average is $34.50 and its two-hundred day simple moving average is $31.62. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure Partners’s payout ratio is currently -426.32%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BIP. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research note on Friday, August 2nd. TD Securities upped their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group increased their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of “Moderate Buy” and a consensus target price 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.