Brookfield Infrastructure Partners LP (NYSE:BIP) – Investment analysts at Raymond James Financial boosted their FY2016 EPS estimates for shares of Brookfield Infrastructure Partners in a research note issued to investors on Monday. Raymond James Financial analyst F. Bastien now expects that the brokerage will earn $2.68 per share for the year, up from their previous estimate of $2.65. Raymond James Financial has a “Outperform” rating and a $39.00 price target on the stock.

A number of other brokerages have also recently weighed in on BIP. RBC Capital Markets reiterated an “outperform” rating and issued a $35.33 target price (up previously from $32.67) on shares of Brookfield Infrastructure Partners in a report on Thursday, August 4th. Barclays PLC reiterated an “equal weight” rating and issued a $48.00 target price (up previously from $45.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday. BMO Capital Markets reiterated a “buy” rating on shares of Brookfield Infrastructure Partners in a report on Friday, September 30th. Credit Suisse Group AG set a $39.33 target price on Brookfield Infrastructure Partners and gave the company a “buy” rating in a report on Tuesday, September 6th. Finally, Royal Bank Of Canada lifted their target price on Brookfield Infrastructure Partners from $32.67 to $35.33 and gave the company an “outperform” rating in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Brookfield Infrastructure Partners currently has an average rating of “Buy” and an average price target of C$39.44.

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

Brookfield Infrastructure Partners (NYSE:BIP) opened at 32.48 on Wednesday. The stock has a market cap of $8.12 billion, a P/E ratio of 42.91 and a beta of 1.08. Brookfield Infrastructure Partners has a 12-month low of $20.33 and a 12-month high of $49.89. The stock has a 50 day moving average price of $33.83 and a 200-day moving average price of $32.43.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised 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 valued at $434,354,000 after buying an additional 869,958 shares in the last quarter. Nexus Investment Management Inc. raised 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 valued at $17,089,000 after buying an additional 18,800 shares in the last quarter. Creative Planning raised 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 valued at $409,000 after buying an additional 918 shares in the last quarter. First Manhattan Co. raised 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 valued at $50,417,000 after buying an additional 23,083 shares in the last quarter. Finally, Bollard Group LLC raised 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 valued at $106,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 31.77% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 30th will be paid a $0.2911 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Monday, November 28th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 210.27%.

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. 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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