Barclays PLC reiterated their equal weight rating on shares of Brookfield Infrastructure Partners LP (NYSE:BIP) in a research note issued to investors on Tuesday. They currently have a $48.00 price objective on the stock, up from their prior price objective of $45.00.

Several other equities research analysts have also issued reports on the stock. BMO Capital Markets reissued a buy rating on shares of Brookfield Infrastructure Partners in a report on Friday, September 30th. RBC Capital Markets reissued an outperform rating and issued a $47.00 target price (up from $46.00) on shares of Brookfield Infrastructure Partners in a report on Monday, September 26th. TD Securities increased their price objective on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company a buy rating in a report on Monday, September 26th. Raymond James Financial Inc. lowered shares of Brookfield Infrastructure Partners from a strong-buy rating to an outperform rating and increased their price objective for the company from $36.00 to $39.00 in a report on Monday, September 26th. Finally, Citigroup Inc. increased their price objective 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. 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. Brookfield Infrastructure Partners presently has a consensus rating of Buy and a consensus target price of C$39.44.

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

Shares of Brookfield Infrastructure Partners (NYSE:BIP) opened at 32.48 on Tuesday. The company has a market capitalization of $8.12 billion, a price-to-earnings ratio of 42.91 and a beta of 1.08. The firm’s 50-day moving average is $33.83 and its 200 day moving average is $32.43. Brookfield Infrastructure Partners has a 12 month low of $20.33 and a 12 month high of $49.89.

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

A number of institutional investors have recently bought and sold shares of BIP. Brown Advisory Securities LLC raised its position in Brookfield Infrastructure Partners by 47.6% in the third quarter. Brown Advisory Securities LLC now owns 24,753 shares of the company’s stock valued at $856,000 after buying an additional 7,977 shares during the period. Morgan Stanley raised its position in Brookfield Infrastructure Partners by 37.8% in the third quarter. Morgan Stanley now owns 521,695 shares of the company’s stock valued at $18,071,000 after buying an additional 143,116 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Brookfield Infrastructure Partners by 60.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,090 shares of the company’s stock valued at $1,839,000 after buying an additional 20,061 shares during the period. Principal Financial Group Inc. raised its position in Brookfield Infrastructure Partners by 61.0% in the third quarter. Principal Financial Group Inc. now owns 8,041,227 shares of the company’s stock valued at $278,544,000 after buying an additional 3,046,215 shares during the period. Finally, FineMark National Bank & Trust raised its position in Brookfield Infrastructure Partners by 12.8% in the third quarter. FineMark National Bank & Trust now owns 7,320 shares of the company’s stock valued at $254,000 after buying an additional 828 shares during the period. Institutional investors own 31.77% of the company’s stock.

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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