Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) had its price target raised by TD Securities to $57.00 in a report released on Monday. TD Securities currently has a buy rating on the utilities provider’s stock.

Several other research firms have also recently issued reports on BIP. BMO Capital Markets cut Brookfield Infrastructure Partners from an outperform rating to a neutral rating and set a $44.00 target price on the stock. in a research report on Tuesday, August 22nd. Credit Suisse Group cut Brookfield Infrastructure Partners from an outperform rating to a neutral rating and set a $44.00 target price on the stock. in a research report on Tuesday, August 22nd. Scotiabank reiterated an outperform rating and set a $53.00 target price on shares of Brookfield Infrastructure Partners in a research report on Monday. Zacks Investment Research cut Brookfield Infrastructure Partners from a buy rating to a hold rating in a research report on Tuesday, August 8th. Finally, BidaskClub upgraded Brookfield Infrastructure Partners from a hold rating to a buy rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $48.20.

Shares of Brookfield Infrastructure Partners (BIP) opened at 42.80 on Monday. Brookfield Infrastructure Partners has a one year low of $30.76 and a one year high of $44.91. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 94.07 and a beta of 1.09. The firm has a 50-day moving average price of $42.96 and a 200 day moving average price of $40.26.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.86). Brookfield Infrastructure Partners had a return on equity of 2.70% and a net margin of 9.36%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $768.00 million. Equities analysts forecast that Brookfield Infrastructure Partners will post $1.35 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Tuesday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 370.22%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bellwether Investment Group LLC grew its holdings in shares of Brookfield Infrastructure Partners by 1.2% in the 1st quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 32 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Brookfield Infrastructure Partners by 2,000.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,100 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 2,000 shares during the period. US Bancorp DE grew its holdings in shares of Brookfield Infrastructure Partners by 113.5% in the 1st quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock worth $121,000 after acquiring an additional 1,660 shares during the period. Bollard Group LLC grew its holdings in shares of Brookfield Infrastructure Partners by 1.0% in the 2nd quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock worth $151,000 after acquiring an additional 38 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the 2nd quarter worth approximately $203,000. Institutional investors and hedge funds own 41.64% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

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)

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