Brookfield Infrastructure Partners LP (NYSE:BIP) – Research analysts at National Bank Financial cut their FY2016 EPS estimates for shares of Brookfield Infrastructure Partners in a note issued to investors on Sunday. National Bank Financial analyst R. Merer now anticipates that the brokerage will post earnings of $2.73 per share for the year, down from their prior forecast of $2.80.

A number of other research analysts also recently issued reports on BIP. Barclays PLC restated an “equal weight” rating and set a $42.67 price target (up previously from $42.00) on shares of Brookfield Infrastructure Partners in a research note on Thursday, August 4th. TD Securities restated a “buy” rating and set a $36.00 price target (up previously from $33.33) on shares of Brookfield Infrastructure Partners in a research note on Thursday, August 4th. BMO Capital Markets restated a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, September 30th. RBC Capital Markets restated an “outperform” rating and set a $35.33 price target (up previously from $32.67) on shares of Brookfield Infrastructure Partners in a research note on Thursday, August 4th. Finally, Raymond James Financial Inc. downgraded Brookfield Infrastructure Partners from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $36.00 to $39.00 in a research note 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 currently has a consensus rating of “Buy” and an average target price of C$39.44.

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

Shares of Brookfield Infrastructure Partners (NYSE:BIP) opened at 32.48 on Wednesday. The stock has a 50 day moving average price of $33.83 and a 200-day moving average price of $32.43. The stock has a market capitalization of $8.12 billion, a PE ratio of 42.91 and a beta of 1.08. Brookfield Infrastructure Partners has a 52-week low of $20.33 and a 52-week high of $49.89.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be issued a $0.2911 dividend. 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%.

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position 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. Bank of Montreal Can boosted its position in shares of Brookfield Infrastructure Partners by 58.8% in the third quarter. Bank of Montreal Can now owns 10,082,280 shares of the company’s stock valued at $349,251,000 after buying an additional 3,731,612 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of Brookfield Infrastructure Partners by 47.8% in the third quarter. TD Asset Management Inc. now owns 8,894,408 shares of the company’s stock valued at $307,675,000 after buying an additional 2,874,976 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of 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 in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Brookfield Infrastructure Partners by 49.3% in the third quarter. Neuberger Berman Group LLC now owns 7,228,440 shares of the company’s stock valued at $250,394,000 after buying an additional 2,385,498 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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