Brookfield Infrastructure Partners LP (NYSE:BIP) reached a new 52-week high during trading on Tuesday . The stock traded as high as $47.37 and last traded at $47.08, with a volume of 142,841 shares trading hands. The stock had previously closed at $46.92.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, May 17th. BMO Capital Markets restated a “buy” rating and set a $53.00 price target on shares of Brookfield Infrastructure Partners in a research note on Tuesday, June 28th. Finally, TD Securities restated a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Brookfield Infrastructure Partners in a research note on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Brookfield Infrastructure Partners presently has a consensus rating of “Buy” and an average price target of C$50.00.

The firm’s 50-day moving average price is $44.66 and its 200-day moving average price is $40.25. The firm has a market capitalization of $7.64 billion and a price-to-earnings ratio of 62.14.

Brookfield Infrastructure Partners (NYSE:BIP) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.43 by $0.18. The company had revenue of $454 million for the quarter, compared to analyst estimates of $704.73 million. Equities research analysts predict that Brookfield Infrastructure Partners LP will post $1.30 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Tuesday, May 31st were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend was Thursday, May 26th.

Several hedge funds and institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased 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 valued at $1,152,000 after buying an additional 16,644 shares in the last quarter. Jennison Associates LLC increased 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 valued at $7,407,000 after buying an additional 81,642 shares in the last quarter. Bank of Montreal Can increased its position in shares of Brookfield Infrastructure Partners by 1.4% in the fourth quarter. Bank of Montreal Can now owns 5,939,438 shares of the company’s stock valued at $225,164,000 after buying an additional 84,529 shares in the last quarter. Morgan Stanley increased 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 valued at $26,014,000 after buying an additional 179,420 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Brookfield Infrastructure Partners by 5.5% in the fourth quarter. Principal Financial Group Inc. now owns 4,237,112 shares of the company’s stock valued at $160,629,000 after buying an additional 219,306 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.