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

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

Several other equities research analysts also recently commented on BIP. Barclays PLC reaffirmed an equal weight rating and issued a $42.67 target price (up previously from $42.00) on shares of Brookfield Infrastructure Partners in a research note on Thursday, August 4th. TD Securities reaffirmed a buy rating and issued a $36.00 target price (up previously from $33.33) on shares of Brookfield Infrastructure Partners in a research note on Thursday, August 4th. Zacks Investment Research downgraded shares of Brookfield Infrastructure Partners from a hold rating to a sell rating in a research note on Tuesday, July 5th. RBC Capital Markets reaffirmed an outperform rating and issued a $35.33 target price (up previously from $32.67) on shares of Brookfield Infrastructure Partners in a research note on Thursday, August 4th. Finally, BMO Capital Markets reaffirmed a buy rating and issued a $35.33 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target 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 price-to-earnings ratio of 37.49 and a beta of 0.97. The company has a 50 day moving average of $36.83 and a 200 day moving average of $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 announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.77. Brookfield Infrastructure Partners had a net margin of 20.77% and a return on equity of 5.40%. The business had revenue of $462 million for the quarter, compared to analyst estimates of $674.50 million. On average, equities analysts forecast that Brookfield Infrastructure Partners will post $1.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be paid a $0.59 dividend. The ex-dividend date is Monday, August 29th. This represents a $2.36 dividend on an annualized basis and a yield of 7.03%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 175.75%.

Hedge funds have recently made changes to their positions in the stock. CIBC World Markets Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 34.5% in the second quarter. CIBC World Markets Inc. now owns 558,078 shares of the company’s stock worth $25,259,000 after buying an additional 143,026 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Brookfield Infrastructure Partners by 9.2% in the first quarter. Royal Bank of Canada now owns 10,309,879 shares of the company’s stock worth $434,354,000 after buying an additional 869,958 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Brookfield Infrastructure Partners during the second quarter worth approximately $287,431,000. Bank of Nova Scotia Trust Co. boosted its stake in shares of Brookfield Infrastructure Partners by 2.9% in the first quarter. Bank of Nova Scotia Trust Co. now owns 37,710 shares of the company’s stock worth $1,589,000 after buying an additional 1,049 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Brookfield Infrastructure Partners by 16.8% in the first quarter. UBS Group AG now owns 130,099 shares of the company’s stock worth $5,481,000 after buying an additional 18,692 shares in 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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