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

A number of other research analysts also recently weighed in on BIP. BidaskClub downgraded Brookfield Infrastructure Partners from a strong-buy rating to a buy rating in a report on Tuesday, July 11th. Scotiabank set a $42.50 price target on Brookfield Infrastructure Partners and gave the company an outperform rating in a report on Monday, July 10th. CSFB upgraded Brookfield Infrastructure Partners from a neutral rating to an outperform rating and lifted their price target for the company from $40.00 to $44.00 in a report on Friday, June 16th. Zacks Investment Research upgraded Brookfield Infrastructure Partners from a hold rating to a buy rating and set a $46.00 price target on the stock in a report on Monday, June 26th. Finally, Royal Bank Of Canada reiterated a buy rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, June 9th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $44.94.

Brookfield Infrastructure Partners (BIP) opened at 40.27 on Wednesday. The stock has a 50 day moving average price of $40.44 and a 200-day moving average price of $38.36. The stock has a market capitalization of $10.45 billion, a P/E ratio of 44.16 and a beta of 1.12. Brookfield Infrastructure Partners has a 12-month low of $30.76 and a 12-month high of $41.55.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, May 31st were given a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, May 26th. This represents a $1.74 dividend on an annualized basis and a yield of 4.32%. Brookfield Infrastructure Partners’s payout ratio is 188.45%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Hudock Capital Group LLC boosted its position in Brookfield Infrastructure Partners by 15.5% in the first quarter. Hudock Capital Group LLC now owns 3,727 shares of the utilities provider’s stock worth $144,000 after buying an additional 500 shares during the period. Greystone Investment Management LLC boosted its position in Brookfield Infrastructure Partners by 0.3% in the first quarter. Greystone Investment Management LLC now owns 182,944 shares of the utilities provider’s stock worth $7,064,000 after buying an additional 540 shares during the period. Everett Harris & Co. CA boosted its position in Brookfield Infrastructure Partners by 2.3% in the first quarter. Everett Harris & Co. CA now owns 52,642 shares of the utilities provider’s stock worth $2,036,000 after buying an additional 1,200 shares during the period. Sigma Planning Corp boosted its position in Brookfield Infrastructure Partners by 2.4% in the first quarter. Sigma Planning Corp now owns 23,552 shares of the utilities provider’s stock worth $911,000 after buying an additional 542 shares during the period. Finally, Crestwood Advisors Group LLC boosted its position in Brookfield Infrastructure Partners by 36.4% in the first quarter. Crestwood Advisors Group LLC now owns 11,250 shares of the utilities provider’s stock worth $435,000 after buying an additional 3,000 shares during the period. 34.56% of the stock is owned by hedge funds and other institutional investors.

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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