Brookfield Infrastructure Partners LP (NYSE:BIP) – Analysts at National Bank Financial issued their Q4 2016 EPS estimates for Brookfield Infrastructure Partners in a research note issued to investors on Sunday. National Bank Financial analyst R. Merer anticipates that the brokerage will earn $0.76 per share for the quarter. National Bank Financial also issued estimates for Brookfield Infrastructure Partners’ FY2017 earnings at $3.39 EPS.

Brookfield Infrastructure Partners (NYSE:BIP) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.77. The firm had revenue of $462 million for the quarter, compared to the consensus estimate of $674.50 million. Brookfield Infrastructure Partners had a return on equity of 5.40% and a net margin of 20.77%.

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

Several other analysts also recently weighed in on BIP. Citigroup Inc. lifted their target price on shares of Brookfield Infrastructure Partners from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, September 26th. RBC Capital Markets reiterated an “outperform” rating and issued a $47.00 target price (up previously from $46.00) on shares of Brookfield Infrastructure Partners in a report on Monday, September 26th. BMO Capital Markets reissued a “buy” rating on shares of Brookfield Infrastructure Partners in a research report on Friday, September 30th. TD Securities raised their price target on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, September 26th. Finally, Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$38.10.

Brookfield Infrastructure Partners (NYSE:BIP) traded down 0.03% during trading on Wednesday, hitting $33.65. The stock had a trading volume of 104,073 shares. The company’s 50 day moving average is $37.19 and its 200 day moving average is $31.30. The firm has a market cap of $8.19 billion, a PE ratio of 37.60 and a beta of 0.93. Brookfield Infrastructure Partners has a 52-week low of $20.33 and a 52-week high of $49.89.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.59 per share. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a dividend yield of 7.01%. The ex-dividend date of this dividend was Monday, August 29th. Brookfield Infrastructure Partners’s payout ratio is 175.75%.

A number of large investors have recently made changes to their positions in BIP. Bollard Group LLC boosted its stake in shares of Brookfield Infrastructure Partners by 1.2% in the second quarter. Bollard Group LLC now owns 2,348 shares of the company’s stock worth $106,000 after buying an additional 28 shares during the period. First Manhattan Co. boosted its stake in shares of Brookfield Infrastructure Partners by 2.1% in the second quarter. First Manhattan Co. now owns 1,113,942 shares of the company’s stock worth $50,417,000 after buying an additional 23,083 shares during the period. Creative Planning boosted its stake in shares of Brookfield Infrastructure Partners by 11.3% in the second quarter. Creative Planning now owns 9,034 shares of the company’s stock worth $409,000 after buying an additional 918 shares during the period. Nexus Investment Management Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 5.2% in the second quarter. Nexus Investment Management Inc. now owns 380,350 shares of the company’s stock worth $17,089,000 after buying an additional 18,800 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Brookfield Infrastructure Partners by 9.2% in the first quarter. Royal Bank of Canada now owns 10,309,879 shares of the company’s stock worth $434,354,000 after buying an additional 869,958 shares during the period. 29.78% 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.

5 Day Chart for NYSE:BIP

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