Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) – Analysts at National Bank Financial decreased their FY2018 EPS estimates for Brookfield Infrastructure Partners in a research note issued to investors on Sunday. National Bank Financial analyst R. Merer now expects that the utilities provider will post earnings of $3.91 per share for the year, down from their previous forecast of $3.93. National Bank Financial has a “Outperform” rating and a $48.00 price objective on the stock.

A number of other research firms also recently commented on BIP. BMO Capital Markets started coverage on shares of Brookfield Infrastructure Partners in a report on Monday, September 11th. They issued an “outperform” rating and a $48.00 target price on the stock. BidaskClub upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Scotiabank reiterated an “outperform” rating and issued a $53.00 target price on shares of Brookfield Infrastructure Partners in a report on Monday, September 18th. Credit Suisse Group started coverage on shares of Brookfield Infrastructure Partners in a report on Monday, September 18th. They issued a “neutral” rating and a $44.00 target price on the stock. Finally, TD Securities boosted their target price on shares of Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Brookfield Infrastructure Partners has a consensus rating of “Buy” and an average target price of $48.88.

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Brookfield Infrastructure Partners (NYSE:BIP) traded up $0.30 during midday trading on Wednesday, hitting $43.59. 184,681 shares of the company were exchanged, compared to its average volume of 260,710. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.07 and a quick ratio of 0.07. Brookfield Infrastructure Partners has a twelve month low of $30.76 and a twelve month high of $44.91. The company has a market cap of $14,922.23, a P/E ratio of 159.96, a P/E/G ratio of 1.26 and a beta of 1.06.

Hedge funds have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $109,000. Tower Research Capital LLC TRC raised its holdings in shares of Brookfield Infrastructure Partners by 2,000.0% during the second 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. Bollard Group LLC raised its holdings in shares of Brookfield Infrastructure Partners by 1.0% during the second 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. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $203,000. Finally, US Bancorp DE raised its holdings in shares of Brookfield Infrastructure Partners by 61.1% during the second quarter. US Bancorp DE now owns 5,029 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 1,907 shares during the period. Institutional investors and hedge funds own 33.72% of the company’s stock.

Brookfield Infrastructure Partners announced that its board has initiated a share buyback plan on Tuesday, November 7th that permits the company to buyback 13,820,000 outstanding shares. This buyback authorization permits the utilities provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.435 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.99%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 644.44%.

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).

Earnings History and Estimates for Brookfield Infrastructure Partners (NYSE:BIP)

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