TD Securities reissued their buy rating on shares of Brookfield Infrastructure Partners LP (NYSE:BIP) in a research note published on Tuesday morning. The firm currently has a $38.00 price target on the stock.

BIP has been the subject of several other research reports. Barclays PLC reissued an equal weight rating and issued a $42.67 price target (up previously from $42.00) on shares of Brookfield Infrastructure Partners in a research report on Thursday, August 4th. Citigroup Inc. increased their price target on shares of Brookfield Infrastructure Partners from $31.33 to $35.00 and gave the stock a neutral rating in a research report on Monday, September 19th. Credit Suisse Group AG reissued an outperform rating and issued a $39.33 price target on shares of Brookfield Infrastructure Partners in a research report on Monday, August 22nd. Royal Bank Of Canada increased their price target on shares of Brookfield Infrastructure Partners from $32.67 to $35.33 and gave the stock an outperform rating in a research report on Thursday, August 4th. Finally, RBC Capital Markets reissued an outperform rating and issued a $47.00 price target (up previously from $46.00) on shares of Brookfield Infrastructure Partners in a research report on Monday, September 26th. 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 stock. The stock presently has an average rating of Buy and a consensus target price of C$39.44.

Shares of Brookfield Infrastructure Partners (NYSE:BIP) opened at 32.48 on Tuesday. The stock’s 50 day moving average price is $33.83 and its 200-day moving average price is $32.43. The firm 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 business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 30th will be issued a $0.2911 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Monday, November 28th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 210.27%.

Several hedge funds have recently modified their holdings of BIP. 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 worth $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 worth $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 worth $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 worth $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 worth $106,000 after buying an additional 28 shares in the last quarter. 31.77% of the stock is owned by institutional investors and hedge funds.

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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