Brookfield Infrastructure Partners LP (NYSE:BIP) had its price target upped by Citigroup Inc. from $31.33 to $35.00 in a research note issued to investors on Monday. Citigroup Inc. currently has a neutral rating on the stock.

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

Several other analysts have also weighed in on BIP. RBC Capital Markets reiterated an outperform rating and issued a $35.33 price objective (up previously from $32.67) on shares of Brookfield Infrastructure Partners in a research note on Thursday, August 4th. Royal Bank Of Canada lifted their price objective on shares of Brookfield Infrastructure Partners from $32.67 to $35.33 and gave the company an outperform rating in a research note on Thursday, August 4th. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners from a hold rating to a sell rating in a research note on Tuesday, July 5th. TD Securities reiterated a buy rating and issued a $36.00 price objective (up previously from $33.33) on shares of Brookfield Infrastructure Partners in a research note on Thursday, August 4th. Finally, BMO Capital Markets reiterated a buy rating and issued a $35.33 price objective on shares of Brookfield Infrastructure Partners in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of C$35.77.

Shares of Brookfield Infrastructure Partners (NYSE:BIP) opened at 33.55 on Monday. The firm has a market cap of $8.17 billion, a PE ratio of 37.49 and a beta of 0.97. The stock’s 50 day moving average is $36.83 and its 200-day moving average is $30.75. Brookfield Infrastructure Partners has a 1-year low of $20.33 and a 1-year high of $49.89.

Brookfield Infrastructure Partners (NYSE:BIP) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.77. The company earned $462 million during the quarter, compared to analyst estimates of $674.50 million. Brookfield Infrastructure Partners had a net margin of 20.77% and a return on equity of 5.40%. Analysts expect that Brookfield Infrastructure Partners will post $1.01 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be paid a $0.59 dividend. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, August 29th. This represents a $2.36 annualized dividend and a dividend yield of 7.03%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 175.75%.

Several hedge funds have recently bought and sold shares of the company. Bollard Group LLC raised its stake in Brookfield Infrastructure Partners by 1.2% in the second quarter. Bollard Group LLC now owns 2,348 shares of the company’s stock valued at $106,000 after buying an additional 28 shares during the last quarter. Optimum Investment Advisors purchased a new stake in Brookfield Infrastructure Partners during the second quarter valued at about $209,000. Stratos Wealth Partners LTD. purchased a new stake in Brookfield Infrastructure Partners during the first quarter valued at about $220,000. Advisor Group Inc. purchased a new stake in Brookfield Infrastructure Partners during the second quarter valued at about $228,000. Finally, KCG Holdings Inc. raised its stake in Brookfield Infrastructure Partners by 22.9% in the second quarter. KCG Holdings Inc. now owns 6,439 shares of the company’s stock valued at $291,000 after buying an additional 1,201 shares during the last quarter. Hedge funds and other institutional investors own 44.67% of the company’s stock.

About Brookfield Infrastructure Partners

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.

5 Day Chart for NYSE:BIP

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