Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has been assigned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $49.44.

Several brokerages have commented on BIP. BMO Capital Markets downgraded Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Tuesday, August 22nd. Credit Suisse Group downgraded Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $44.00 price target on the stock. in a report on Tuesday, August 22nd. TD Securities increased their price target on Brookfield Infrastructure Partners to $57.00 and gave the company a “buy” rating in a report on Monday, September 18th. Scotiabank reiterated an “outperform” rating and set a $53.00 price target on shares of Brookfield Infrastructure Partners in a report on Monday, September 18th. Finally, Zacks Investment Research downgraded Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th.

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Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its stake in shares of Brookfield Infrastructure Partners by 2,000.0% in the second 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 last quarter. US Bancorp DE grew its stake in shares of Brookfield Infrastructure Partners by 113.5% in the first 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 last quarter. Bollard Group LLC grew its stake in shares of 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 acquiring an additional 38 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the second quarter worth $203,000. Finally, Hudock Capital Group LLC grew its stake in shares of Brookfield Infrastructure Partners by 37.1% in the second quarter. Hudock Capital Group LLC now owns 5,109 shares of the utilities provider’s stock worth $209,000 after acquiring an additional 1,382 shares during the last quarter. Institutional investors own 33.54% of the company’s stock.

Shares of Brookfield Infrastructure Partners (NYSE BIP) opened at 42.98 on Wednesday. The company has a 50-day moving average of $43.11 and a 200-day moving average of $40.96. The stock has a market capitalization of $11.16 billion, a P/E ratio of 94.46 and a beta of 1.08. Brookfield Infrastructure Partners has a 12-month low of $30.76 and a 12-month high of $44.91.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) EPS for the quarter, missing the 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 company had revenue of $934.00 million for the quarter, compared to analyst estimates of $768.00 million. Equities analysts expect that Brookfield Infrastructure Partners will post $1.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.74 annualized dividend and a yield of 4.05%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 370.22%.

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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