Brookfield Infrastructure Partners (NYSE:BIP) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other brokerages also recently commented on BIP. Cibc World Mkts upgraded Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. TD Securities boosted their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group boosted their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Brookfield Infrastructure Partners Trading Down 0.1 %

Shares of BIP stock opened at $34.31 on Friday. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $15.84 billion, a P/E ratio of -90.29 and a beta of 1.06. The stock has a 50-day simple moving average of $34.33 and a 200 day simple moving average of $31.51.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 4.72%. Brookfield Infrastructure Partners’s payout ratio is presently -426.32%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cedar Mountain Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $26,000. Dunhill Financial LLC bought a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at about $30,000. Bank & Trust Co acquired a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth $31,000. Clear Point Advisors Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the 1st quarter valued at $33,000. Finally, Park Place Capital Corp bought a new position in Brookfield Infrastructure Partners during the second quarter worth about $41,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.