Credit Suisse Group reiterated their hold rating on shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) in a research report released on Wednesday. Credit Suisse Group currently has a $44.00 price target on the utilities provider’s stock.

Other equities analysts have also issued reports about the stock. TD Securities raised their price objective on shares of Brookfield Infrastructure Partners to $57.00 and gave the company a buy rating in a research report on Monday, September 18th. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a buy rating to a hold rating in a research report on Tuesday, November 7th. Scotiabank restated an outperform rating and issued a $53.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Monday, September 18th. Royal Bank of Canada raised their price objective on shares of Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the company an outperform rating in a research report on Monday, November 6th. Finally, National Bank Financial raised their price objective on shares of Brookfield Infrastructure Partners from $46.00 to $48.00 and gave the company an outperform rating in a research report on Monday, November 6th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $50.15.

Brookfield Infrastructure Partners (NYSE BIP) opened at $44.81 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. Brookfield Infrastructure Partners has a 1 year low of $33.20 and a 1 year high of $46.88. The company has a market cap of $12,388.80, a P/E ratio of 165.96, a PEG ratio of 1.30 and a beta of 1.05.

Brookfield Infrastructure Partners announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 7th that authorizes the company to buyback 13,820,000 shares. This buyback authorization authorizes the utilities provider to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Thursday, November 30th were given a dividend of $0.435 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.74 annualized dividend and a yield of 3.88%. Brookfield Infrastructure Partners’s payout ratio is presently 644.44%.

Institutional investors have recently made changes to their positions in the business. Tuttle Tactical Management LLC bought a new stake in Brookfield Infrastructure Partners during the second quarter valued at approximately $666,000. State of Tennessee Treasury Department bought a new stake in Brookfield Infrastructure Partners during the second quarter valued at approximately $3,709,000. Guardian Capital Advisors LP lifted its position in Brookfield Infrastructure Partners by 4.2% during the third quarter. Guardian Capital Advisors LP now owns 75,295 shares of the utilities provider’s stock valued at $3,752,000 after purchasing an additional 3,052 shares during the last quarter. Private Advisor Group LLC lifted its position in Brookfield Infrastructure Partners by 38.6% during the second quarter. Private Advisor Group LLC now owns 21,005 shares of the utilities provider’s stock valued at $846,000 after purchasing an additional 5,852 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Brookfield Infrastructure Partners by 29.7% during the second quarter. Bank of New York Mellon Corp now owns 44,995 shares of the utilities provider’s stock valued at $1,841,000 after purchasing an additional 10,296 shares during the last quarter. Institutional investors and hedge funds own 45.70% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/brookfield-infrastructure-partners-bip-hold-rating-reiterated-at-credit-suisse-group/1789480.html.

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. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

Receive News & Ratings for Brookfield Infrastructure Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Infrastructure Partners and related companies with MarketBeat.com's FREE daily email newsletter.