Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) had its target price upped by TD Securities to $57.00 in a research report released on Monday morning. TD Securities currently has a buy rating on the utilities provider’s stock.
A number of other brokerages have also recently commented on BIP. Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a buy rating to a hold rating in a report on Wednesday, July 5th. Royal Bank Of Canada restated a buy rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a report on Friday, June 9th. Credit Suisse Group upgraded shares of Brookfield Infrastructure Partners from a neutral rating to an outperform rating and upped their price target for the stock from $40.00 to $44.00 in a research note on Friday, June 16th. BMO Capital Markets started coverage on shares of Brookfield Infrastructure Partners in a research note on Monday, September 11th. They issued an outperform rating and a $48.00 price target on the stock. Finally, BidaskClub upgraded shares of Brookfield Infrastructure Partners from a hold rating to a buy rating in a research note on Friday, August 11th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $48.20.
Brookfield Infrastructure Partners (NYSE:BIP) opened at 43.54 on Monday. Brookfield Infrastructure Partners has a 1-year low of $30.76 and a 1-year high of $44.91. The firm has a 50 day moving average of $42.96 and a 200-day moving average of $40.26. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 95.69 and a beta of 1.09.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.86). Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $768.00 million. On average, equities research analysts anticipate that Brookfield Infrastructure Partners will post $1.35 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 4.00%. 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 bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in Brookfield Infrastructure Partners by 2,000.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,100 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 2,000 shares during the period. Bellwether Investment Group LLC lifted its stake in Brookfield Infrastructure Partners by 1.2% during the 1st quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 32 shares during the period. US Bancorp DE lifted its stake in Brookfield Infrastructure Partners by 113.5% during the 1st quarter. US Bancorp DE now owns 3,122 shares of the utilities provider’s stock valued at $121,000 after acquiring an additional 1,660 shares during the period. Bollard Group LLC lifted its stake in Brookfield Infrastructure Partners by 1.0% during the 2nd quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 38 shares during the period. Finally, Sheaff Brock Investment Advisors LLC bought a new position in Brookfield Infrastructure Partners during the 2nd quarter valued at about $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).
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