Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.58 and last traded at $42.23, with a volume of 41658 shares changing hands. The stock had previously closed at $42.03.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Raymond James restated an “outperform” rating and issued a $49.00 price target on shares of Brookfield Infrastructure Partners in a research report on Wednesday, May 8th. Finally, National Bank Financial boosted their price target on Brookfield Infrastructure Partners from $45.50 to $47.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.69.

The company has a debt-to-equity ratio of 0.93, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $14.39 billion, a PE ratio of 71.46, a P/E/G ratio of 1.24 and a beta of 1.02.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Friday, May 3rd. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Brookfield Infrastructure Partners had a return on equity of 1.71% and a net margin of 4.24%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $954.88 million. The business’s revenue was up 57.3% compared to the same quarter last year. On average, research analysts expect that Brookfield Infrastructure Partners L.P. will post 3.49 earnings per share for the current year.

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a dividend of $0.502 per share. The ex-dividend date of this dividend is Thursday, May 30th. Brookfield Infrastructure Partners’s payout ratio is 340.68%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. increased its position in Brookfield Infrastructure Partners by 3.4% during the 1st quarter. Stratos Wealth Partners LTD. now owns 7,601 shares of the utilities provider’s stock worth $318,000 after purchasing an additional 250 shares during the period. KC Investment Advisors LLC increased its position in Brookfield Infrastructure Partners by 5.0% during the 1st quarter. KC Investment Advisors LLC now owns 7,600 shares of the utilities provider’s stock worth $318,000 after purchasing an additional 360 shares during the period. Harbor Advisory Corp MA increased its position in Brookfield Infrastructure Partners by 0.3% during the 4th quarter. Harbor Advisory Corp MA now owns 129,454 shares of the utilities provider’s stock worth $4,470,000 after purchasing an additional 370 shares during the period. Sigma Planning Corp increased its position in Brookfield Infrastructure Partners by 1.9% during the 1st quarter. Sigma Planning Corp now owns 24,962 shares of the utilities provider’s stock worth $1,045,000 after purchasing an additional 471 shares during the period. Finally, US Bancorp DE increased its position in Brookfield Infrastructure Partners by 14.4% during the 1st quarter. US Bancorp DE now owns 3,962 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 500 shares during the period. Institutional investors own 38.63% of the company’s stock.

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Brookfield Infrastructure Partners Company Profile (NYSE:BIP)

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The 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 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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