Zacks Investment Research lowered shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) from a hold rating to a sell rating in a research report released on Monday.

According to Zacks, “BROOKFIELD INFRASTRUCTURE PARTNERS L.P. was established by Brookfield Asset Management as its primary vehicle to own and operate certain infrastructure assets on a global basis. Brookfield Infrastructure operates high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its current business consists of the ownership and operation of premier electricity transmission systems and timberlands in North and South America, and it seeks acquisition opportunities in other infrastructure sectors with similar attributes. “

Other equities analysts also recently issued reports about the stock. Bank of America initiated coverage on shares of Brookfield Infrastructure Partners in a report on Tuesday, July 10th. They set a buy rating for the company. ValuEngine raised shares of Brookfield Infrastructure Partners from a sell rating to a hold rating in a report on Thursday, July 5th. Citigroup set a $43.00 price target on shares of Brookfield Infrastructure Partners and gave the company a neutral rating in a report on Monday, August 27th. Credit Suisse Group raised shares of Brookfield Infrastructure Partners from a neutral rating to an outperform rating and lifted their price target for the company from $44.00 to $46.00 in a report on Thursday, July 5th. Finally, Scotiabank cut their price target on shares of Brookfield Infrastructure Partners from $46.75 to $46.50 and set an outperform rating for the company in a report on Tuesday, June 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $46.70.

NYSE:BIP opened at $39.44 on Monday. The stock has a market cap of $13.63 billion, a PE ratio of 41.53, a price-to-earnings-growth ratio of 1.23 and a beta of 0.97. Brookfield Infrastructure Partners has a 52 week low of $37.27 and a 52 week high of $46.88. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.84.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.55). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $833.00 million. Brookfield Infrastructure Partners had a return on equity of 3.29% and a net margin of 8.25%. equities research analysts expect that Brookfield Infrastructure Partners will post 3.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 4.77%. The ex-dividend date is Thursday, August 30th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 124.50%.

A number of hedge funds have recently made changes to their positions in BIP. CIBC World Markets Inc. lifted its holdings in Brookfield Infrastructure Partners by 53.0% during the 1st quarter. CIBC World Markets Inc. now owns 2,136,015 shares of the utilities provider’s stock valued at $88,944,000 after purchasing an additional 739,665 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Brookfield Infrastructure Partners by 21.2% in the second quarter. Toronto Dominion Bank now owns 3,789,548 shares of the utilities provider’s stock worth $145,379,000 after acquiring an additional 661,924 shares during the last quarter. Montrusco Bolton Investments Inc. raised its stake in shares of Brookfield Infrastructure Partners by 149.8% in the second quarter. Montrusco Bolton Investments Inc. now owns 1,094,666 shares of the utilities provider’s stock worth $41,974,000 after acquiring an additional 656,416 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Brookfield Infrastructure Partners by 16.3% in the first quarter. The Manufacturers Life Insurance Company now owns 4,335,096 shares of the utilities provider’s stock worth $180,513,000 after acquiring an additional 607,582 shares during the last quarter. Finally, Intact Investment Management Inc. raised its stake in shares of Brookfield Infrastructure Partners by 112.7% in the first quarter. Intact Investment Management Inc. now owns 962,200 shares of the utilities provider’s stock worth $51,478,000 after acquiring an additional 509,800 shares during the last quarter. 38.83% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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