Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “BROOKFIELD INFRASTRUCTURE PARTNERS L.P. was established by Brookfield Asset Management as its primary vehicle to own and operate certain infrastructure assets on a global basis. Brookfield Infrastructure operates high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its current business consists of the ownership and operation of premier electricity transmission systems and timberlands in North and South America, and it seeks acquisition opportunities in other infrastructure sectors with similar attributes. “

Other research analysts have also issued research reports about the company. BidaskClub lowered Brookfield Infrastructure Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada restated a “buy” rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Friday, June 9th. Credit Suisse Group restated a “buy” rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Wednesday, July 26th. TD Securities boosted their target price on Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Barclays PLC restated an “equal weight” rating and set a $42.00 target price (up previously from $37.00) on shares of Brookfield Infrastructure Partners in a research report on Sunday, April 23rd. Two investment 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 a consensus price target of $45.72.

Shares of Brookfield Infrastructure Partners (NYSE BIP) traded up 3.71% during midday trading on Tuesday, reaching $43.09. The company had a trading volume of 557,126 shares. The stock has a 50-day moving average of $40.48 and a 200 day moving average of $38.51. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 47.25 and a beta of 1.11. Brookfield Infrastructure Partners has a 52 week low of $30.76 and a 52 week high of $43.37.

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 (EPS) for the quarter, missing the Thomson Reuters’ 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 million for the quarter, compared to analysts’ expectations of $768 million. On average, analysts anticipate that Brookfield Infrastructure Partners will post $1.38 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of BIP. Bellwether Investment Group LLC raised 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 valued at $105,000 after buying an additional 32 shares during the last quarter. Bollard Group LLC raised 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 valued at $151,000 after buying an additional 38 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised 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 valued at $507,000 after buying an additional 65 shares during the last quarter. Stratos Wealth Partners LTD. raised 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 valued at $338,000 after buying an additional 98 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised 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 valued at $262,000 after buying an additional 335 shares during the last quarter. 34.06% of the stock is currently owned by institutional investors.

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).

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