Brookfield Infrastructure Partners LP (NYSE:BIP)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $46.98 and last traded at $45.41, with a volume of 105,359 shares changing hands. The stock had previously closed at $46.38.

A number of brokerages have issued reports on BIP. TD Securities reaffirmed a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Brookfield Infrastructure Partners in a research report on Wednesday. Zacks Investment Research lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Tuesday. BMO Capital Markets reaffirmed a “buy” rating and issued a $53.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday, June 28th. Finally, Scotiabank raised Brookfield Infrastructure Partners from a “sector perform” rating to a “sector outperform” rating in a research report on Tuesday, March 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Brookfield Infrastructure Partners has an average rating of “Buy” and a consensus target price of C$50.22.

The stock’s 50 day moving average is $43.77 and its 200-day moving average is $39.75. The stock has a market cap of $7.38 billion and a price-to-earnings ratio of 59.97.

Brookfield Infrastructure Partners (NYSE:BIP) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.18. The firm earned $454 million during the quarter, compared to the consensus estimate of $704.73 million. On average, equities research analysts predict that Brookfield Infrastructure Partners LP will post $1.30 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Tuesday, May 31st were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Thursday, May 26th.

Several hedge funds and institutional investors recently modified their holdings of BIP. PNC Financial Services Group Inc. raised its position in shares of Brookfield Infrastructure Partners by 121.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 30,389 shares of the company’s stock worth $1,152,000 after buying an additional 16,644 shares in the last quarter. Callahan Advisors LLC raised its position in shares of Brookfield Infrastructure Partners by 1.6% in the fourth quarter. Callahan Advisors LLC now owns 99,453 shares of the company’s stock worth $3,770,000 after buying an additional 1,542 shares in the last quarter. Jennison Associates LLC raised its position in shares of Brookfield Infrastructure Partners by 71.8% in the fourth quarter. Jennison Associates LLC now owns 195,374 shares of the company’s stock worth $7,407,000 after buying an additional 81,642 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth approximately $20,915,000. Finally, Morgan Stanley raised its position in shares of Brookfield Infrastructure Partners by 35.4% in the fourth quarter. Morgan Stanley now owns 686,198 shares of the company’s stock worth $26,014,000 after buying an additional 179,420 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.