BidaskClub lowered shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) from a strong-buy rating to a buy rating in a report published on Tuesday.

BIP has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a hold rating to a buy rating and set a $46.00 price objective for the company in a research note on Friday, June 2nd. Royal Bank Of Canada raised their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company an outperform rating in a research note on Friday, May 5th. Scotiabank raised their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $57.00 and gave the company an outperform rating in a research note on Tuesday, June 6th. Raymond James Financial, Inc. raised their price objective on shares of Brookfield Infrastructure Partners from $43.00 to $65.00 and gave the company an outperform rating in a research note on Monday, June 5th. Finally, Barclays PLC restated an equal weight rating and set a $42.00 price objective (up from $37.00) on shares of Brookfield Infrastructure Partners in a research note on Sunday, April 23rd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of Buy and an average target price of $44.94.

Brookfield Infrastructure Partners (NYSE BIP) traded down 1.06% on Tuesday, reaching $39.95. 106,381 shares of the company traded hands. The company has a market capitalization of $10.37 billion, a PE ratio of 43.80 and a beta of 1.12. The stock’s 50 day moving average price is $40.28 and its 200 day moving average price is $37.37. Brookfield Infrastructure Partners has a one year low of $30.12 and a one year high of $41.55.

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The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st were issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend was Friday, May 26th. Brookfield Infrastructure Partners’s payout ratio is presently 188.45%.

Several hedge funds have recently made changes to their positions in BIP. Bellwether Investment Group LLC increased its stake in shares of Brookfield Infrastructure Partners by 1.2% in the first quarter. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider’s stock worth $105,000 after buying an additional 32 shares during the last quarter. Bollard Group LLC increased its stake in shares of Brookfield Infrastructure Partners by 1.1% in the first quarter. Bollard Group LLC now owns 3,643 shares of the utilities provider’s stock worth $141,000 after buying an additional 40 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Brookfield Infrastructure Partners by 1.1% in the first quarter. Stratos Wealth Partners LTD. now owns 8,749 shares of the utilities provider’s stock worth $338,000 after buying an additional 98 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Brookfield Infrastructure Partners by 7.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,962 shares of the utilities provider’s stock worth $231,000 after buying an additional 405 shares during the last quarter. Finally, Hudock Capital Group LLC increased its stake in shares of Brookfield Infrastructure Partners by 15.5% in the first quarter. Hudock Capital Group LLC now owns 3,727 shares of the utilities provider’s stock worth $144,000 after buying an additional 500 shares during the last quarter. 34.57% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Company Profile

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. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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