Brookfield Infrastructure Partners LP (NYSE:BIP) had its target price upped by analysts at TD Securities from $36.00 to $38.00 in a research report issued on Monday, StockTargetPrices.com reports. The firm currently has a “buy” rating on the stock.
Other equities research analysts have also issued reports about the stock. BMO Capital Markets reiterated a “buy” rating and issued a $35.33 price target on shares of Brookfield Infrastructure Partners in a research note on Tuesday, June 28th. Credit Suisse Group AG set a $39.33 price objective on shares of Brookfield Infrastructure Partners and gave the company a “buy” rating in a research report on Tuesday, September 6th. Barclays PLC reissued an “equal weight” rating and issued a $42.67 price objective (up previously from $42.00) on shares of Brookfield Infrastructure Partners in a research report on Thursday, August 4th. Citigroup Inc. lifted their price objective on shares of Brookfield Infrastructure Partners from $31.33 to $35.00 and gave the company a “neutral” rating in a research report on Monday, September 19th. Finally, Raymond James Financial Inc. downgraded shares of Brookfield Infrastructure Partners from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $36.00 to $39.00 in a report on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$36.93.
Brookfield Infrastructure Partners (NYSE:BIP) traded down 0.4954% during midday trading on Monday, reaching $34.4087. 120,905 shares of the company’s stock were exchanged. Brookfield Infrastructure Partners has a 52 week low of $20.33 and a 52 week high of $49.89. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 38.4455 and a beta of 0.97. The firm has a 50-day moving average price of $36.97 and a 200 day moving average price of $30.83.
Brookfield Infrastructure Partners (NYSE:BIP) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.77. Brookfield Infrastructure Partners had a net margin of 20.77% and a return on equity of 5.40%. The business had revenue of $462 million for the quarter, compared to analyst estimates of $674.50 million. Analysts anticipate that Brookfield Infrastructure Partners will post $1.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be issued a $0.59 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $2.36 dividend on an annualized basis and a yield of 6.82%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. Brookfield Infrastructure Partners’s payout ratio is currently 175.75%.
A number of hedge funds have recently bought and sold shares of BIP. Optimum Investment Advisors acquired a new stake in Brookfield Infrastructure Partners during the second quarter worth about $209,000. CI Global Investments Inc. increased its stake in Brookfield Infrastructure Partners by 0.4% in the second quarter. CI Global Investments Inc. now owns 373,565 shares of the company’s stock worth $16,908,000 after buying an additional 1,382 shares in the last quarter. Jane Street Group LLC increased its stake in Brookfield Infrastructure Partners by 84.1% in the second quarter. Jane Street Group LLC now owns 16,245 shares of the company’s stock worth $735,000 after buying an additional 7,420 shares in the last quarter. KCG Holdings Inc. increased its stake in Brookfield Infrastructure Partners by 22.9% in the second quarter. KCG Holdings Inc. now owns 6,439 shares of the company’s stock worth $291,000 after buying an additional 1,201 shares in the last quarter. Finally, Kings Point Capital Management increased its stake in Brookfield Infrastructure Partners by 7.1% in the second quarter. Kings Point Capital Management now owns 39,444 shares of the company’s stock worth $1,785,000 after buying an additional 2,627 shares in the last quarter. 44.67% of the stock is owned by hedge funds and other institutional investors.
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. Its utilities segment consists of regulated terminal, which is a coal export terminal; electricity transmission, which consists of approximately 11,100 kilometers of transmission lines in North and South America, and regulated distribution, which consists of approximately 2.6 million electricity and natural gas connections.
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