Mirador Capital Partners LP Has $221,000 Stock Position in Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Mirador Capital Partners LP lessened its stake in shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,944 shares of the utilities provider’s stock after selling 526 shares during the quarter. Mirador Capital Partners LP’s holdings in Brookfield Infrastructure Partners were worth $221,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider’s stock valued at $834,282,000 after acquiring an additional 616,373 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Brookfield Infrastructure Partners by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 6,147,654 shares of the utilities provider’s stock valued at $168,680,000 after purchasing an additional 257,587 shares in the last quarter. Select Equity Group L.P. boosted its stake in shares of Brookfield Infrastructure Partners by 29.6% during the second quarter. Select Equity Group L.P. now owns 4,202,842 shares of the utilities provider’s stock valued at $115,326,000 after purchasing an additional 960,120 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Brookfield Infrastructure Partners by 24.6% during the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock worth $140,273,000 after purchasing an additional 790,078 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Brookfield Infrastructure Partners by 5.4% in the third quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock valued at $89,362,000 after buying an additional 130,371 shares during the period. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BIP has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, September 30th. TD Securities boosted their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Three equities 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $30.90 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The firm’s fifty day simple moving average is $33.21 and its two-hundred day simple moving average is $32.67. Brookfield Infrastructure Partners L.P. has a 12 month low of $24.84 and a 12 month high of $36.50. The stock has a market capitalization of $14.34 billion, a P/E ratio of -81.32 and a beta of 1.07.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 5.24%. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

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.