Brookfield Infrastructure Partners LP (NYSE:BIP) had its price objective lifted by equities research analysts at Citigroup Inc. from $31.33 to $35.00 in a research report issued to clients and investors on Monday. The brokerage presently has a “neutral” rating on the stock.

Several other brokerages have also recently commented on BIP. RBC Capital Markets restated an “outperform” rating and set a $35.33 target price (up previously from $32.67) on shares of Brookfield Infrastructure Partners in a report on Thursday, August 4th. BMO Capital Markets reaffirmed a “buy” rating and set a $35.33 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday, June 28th. Credit Suisse Group AG set a $39.33 price target on shares of Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research report on Tuesday, September 6th. TD Securities reaffirmed a “buy” rating and set a $33.33 price target (up from $32.00) on shares of Brookfield Infrastructure Partners in a research report on Wednesday, July 6th. Finally, Royal Bank Of Canada upped their price target on shares of Brookfield Infrastructure Partners from $32.67 to $35.33 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$35.70.

Brookfield Infrastructure Partners (NYSE:BIP) traded up 1.62% during mid-day trading on Monday, reaching $33.27. 104,717 shares of the company’s stock traded hands. The firm has a market cap of $8.10 billion, a PE ratio of 37.17 and a beta of 0.97. Brookfield Infrastructure Partners has a 1-year low of $20.33 and a 1-year high of $49.89. The firm has a 50 day moving average of $36.00 and a 200 day moving average of $30.33.

Brookfield Infrastructure Partners (NYSE:BIP) last announced its earnings results on Wednesday, August 3rd. The company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.77. Brookfield Infrastructure Partners had a net margin of 20.77% and a return on equity of 5.40%. The business earned $462 million during the quarter, compared to analysts’ expectations of $674.50 million. Analysts forecast that Brookfield Infrastructure Partners will post $0.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be given a $0.59 dividend. The ex-dividend date of this dividend is Monday, August 29th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a dividend yield of 7.21%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 175.75%.

Several institutional investors have recently added to or reduced their stakes in the stock. Bollard Group LLC increased its position in Brookfield Infrastructure Partners by 1.2% in the second quarter. Bollard Group LLC now owns 2,348 shares of the company’s stock valued at $106,000 after buying an additional 28 shares during the period. Optimum Investment Advisors acquired a new position in Brookfield Infrastructure Partners during the second quarter valued at approximately $209,000. Stratos Wealth Partners LTD. acquired a new position in Brookfield Infrastructure Partners during the first quarter valued at approximately $220,000. Advisor Group Inc. acquired a new position in Brookfield Infrastructure Partners during the second quarter valued at approximately $228,000. Finally, KCG Holdings Inc. increased its position in Brookfield Infrastructure Partners by 22.9% in the second quarter. KCG Holdings Inc. now owns 6,439 shares of the company’s stock valued at $291,000 after buying an additional 1,201 shares during the period. Institutional investors and hedge funds own 44.67% of the company’s stock.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include Utilities, Transport, Energy, Communications Infrastructure and Other. Its utilities segment consists of regulated terminal, which is a coal export terminal; electricity transmission, which consists of approximately 11,100 kilometers of transmission lines in North and South America, and regulated distribution, which consists of approximately 2.6 million electricity and natural gas connections.

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