Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) had its price target boosted by TD Securities to $57.00 in a research report released on Monday. TD Securities currently has a buy rating on the utilities provider’s stock.

Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Brookfield Infrastructure Partners from a hold rating to a buy rating and set a $46.00 price target on the stock in a research report on Friday, June 2nd. BidaskClub downgraded Brookfield Infrastructure Partners from a strong-buy rating to a buy rating in a research report on Tuesday, June 13th. Scotiabank upped their price target on Brookfield Infrastructure Partners from $40.00 to $57.00 and gave the stock an outperform rating in a research report on Tuesday, June 6th. Credit Suisse Group reaffirmed a buy rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Wednesday, July 26th. Finally, Raymond James Financial, Inc. upped their price target on Brookfield Infrastructure Partners from $43.00 to $65.00 and gave the stock an outperform rating in a research report on Monday, June 5th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Brookfield Infrastructure Partners presently has an average rating of Buy and a consensus target price of $48.20.

Brookfield Infrastructure Partners (NYSE:BIP) opened at 43.72 on Monday. The company has a market cap of $11.36 billion, a price-to-earnings ratio of 96.09 and a beta of 1.09. The company’s 50-day moving average price is $42.87 and its 200-day moving average price is $40.21. Brookfield Infrastructure Partners has a 52-week low of $30.76 and a 52-week high of $44.91.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.86). The company had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $768.00 million. Brookfield Infrastructure Partners had a return on equity of 2.70% and a net margin of 9.36%. Equities research analysts expect that Brookfield Infrastructure Partners will post $1.35 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Tuesday, August 29th. Brookfield Infrastructure Partners’s payout ratio is 370.22%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BIP. Partners Value Investments LP acquired a new position in shares of Brookfield Infrastructure Partners in the 1st quarter valued at $128,693,000. Capital World Investors increased its position in shares of Brookfield Infrastructure Partners by 58.9% in the 2nd quarter. Capital World Investors now owns 5,215,000 shares of the utilities provider’s stock valued at $213,297,000 after acquiring an additional 1,932,672 shares during the period. CIBC World Markets Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the 2nd quarter valued at $57,006,000. Janus Henderson Group PLC acquired a new position in shares of Brookfield Infrastructure Partners in the 2nd quarter valued at $51,505,000. Finally, Arthur M. Cohen & Associates LLC increased its position in shares of Brookfield Infrastructure Partners by 4,017.0% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 475,801 shares of the utilities provider’s stock valued at $11,557,000 after acquiring an additional 464,244 shares during the period. 41.64% of the stock is currently 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. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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