Brookfield Infrastructure Partners (BIP) Stock Rating Lowered by ValuEngine

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ValuEngine lowered shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets set a $47.00 target price on shares of Brookfield Infrastructure Partners and gave the company a buy rating in a research report on Friday, February 9th. TD Securities dropped their target price on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a buy rating for the company in a research report on Thursday, May 3rd. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a sell rating to a hold rating in a research report on Monday, April 16th. Scotiabank reiterated an outperform rating and set a $46.75 target price on shares of Brookfield Infrastructure Partners in a research report on Thursday, May 3rd. Finally, Raymond James upped their target price on shares of Brookfield Infrastructure Partners from $48.00 to $51.00 and gave the company an outperform rating in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $46.63.

Shares of Brookfield Infrastructure Partners opened at $38.13 on Tuesday, Marketbeat.com reports. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 1.30 and a beta of 0.96. Brookfield Infrastructure Partners has a 52 week low of $37.54 and a 52 week high of $46.88.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Wednesday, May 2nd. The utilities provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.44). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $946.00 million. Brookfield Infrastructure Partners had a net margin of 5.40% and a return on equity of 2.31%. equities research analysts forecast that Brookfield Infrastructure Partners will post 3.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 31st will be issued a $0.94 dividend. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.47. The ex-dividend date is Wednesday, May 30th. This represents a $3.76 annualized dividend and a dividend yield of 9.86%. Brookfield Infrastructure Partners’s payout ratio is 124.50%.

Hedge funds have recently made changes to their positions in the company. AGF Investments Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 21.1% in the 4th quarter. AGF Investments Inc. now owns 731,200 shares of the utilities provider’s stock valued at $32,796,000 after buying an additional 127,278 shares during the period. Harbor Advisory Corp MA acquired a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $6,423,000. Alps Advisors Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 2.5% in the 4th quarter. Alps Advisors Inc. now owns 157,798 shares of the utilities provider’s stock valued at $7,071,000 after buying an additional 3,862 shares during the period. MUFG Americas Holdings Corp acquired a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $215,000. Finally, Cetera Advisor Networks LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $209,000. 38.20% of the stock is owned by institutional investors.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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