Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) – Research analysts at National Bank Financial upped their FY2018 earnings estimates for Brookfield Infrastructure Partners in a note issued to investors on Thursday. National Bank Financial analyst R. Merer now forecasts that the utilities provider will post earnings of $3.92 per share for the year, up from their prior estimate of $3.78.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $934 million during the quarter, compared to the consensus estimate of $768 million. TRADEMARK VIOLATION WARNING: “Brookfield Infrastructure Partners LP to Post FY2018 Earnings of $3.92 Per Share, National Bank Financial Forecasts (NYSE:BIP)” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/07/brookfield-infrastructure-partners-lp-to-post-fy2018-earnings-of-3-92-per-share-national-bank-financial-forecasts-nysebip.html.

A number of other equities research analysts also recently issued reports on the stock. Scotiabank increased their price objective on shares of Brookfield Infrastructure Partners from $42.50 to $43.50 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank Of Canada increased their price objective on shares of Brookfield Infrastructure Partners from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday. Credit Suisse Group reiterated a “buy” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Wednesday, July 26th. BidaskClub downgraded shares of Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research downgraded shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $45.17.

Brookfield Infrastructure Partners (BIP) opened at 40.25 on Monday. Brookfield Infrastructure Partners has a 52 week low of $30.76 and a 52 week high of $41.55. The company has a market capitalization of $10.45 billion, a P/E ratio of 44.13 and a beta of 1.11. The firm has a 50 day moving average of $40.48 and a 200-day moving average of $38.51.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a $0.435 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.32%. Brookfield Infrastructure Partners’s payout ratio is currently 370.22%.

Several large investors have recently bought and sold shares of BIP. Bellwether Investment Group LLC increased its stake in Brookfield Infrastructure Partners by 1.2% in the first quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock worth $105,000 after buying an additional 32 shares during the last quarter. Bollard Group LLC increased its stake in Brookfield Infrastructure Partners by 1.0% in the second quarter. Bollard Group LLC now owns 3,681 shares of the utilities provider’s stock worth $151,000 after buying an additional 38 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its stake in Brookfield Infrastructure Partners by 0.5% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 12,400 shares of the utilities provider’s stock worth $507,000 after buying an additional 65 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Brookfield Infrastructure Partners by 1.1% in the first quarter. Stratos Wealth Partners LTD. now owns 8,749 shares of the utilities provider’s stock worth $338,000 after buying an additional 98 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Brookfield Infrastructure Partners by 5.5% in the second quarter. Janney Montgomery Scott LLC now owns 6,407 shares of the utilities provider’s stock worth $262,000 after buying an additional 335 shares during the last quarter. Institutional investors own 34.06% 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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