Brookfield Infrastructure Partners LP

Shares of Brookfield Infrastructure Partners (NYSE:BIP) opened at 42.13 on Friday. The firm owned 404,988 shares of the utilities provider's stock after selling 2,447 shares during the period.

On June 16 the company was rated "Outperform" in a report from Credit Suisse which is up from the previous "Outperform" rating.

Several analysts have issued reports on the stock.

In a report revealed to investors and clients on Monday, 11 September, research analysts at BMO Capital has started coverage for Brookfield Infrastructure (NYSE:BIP) shares. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & global trademark and copyright laws. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $46.06. BidaskClub upgraded Brookfield Infrastructure Partners from a hold rating to a buy rating in a research note on Friday, August 11th.

Brookfield Infrastructure Partn now has a P/E ratio of 92.59 and market capitalization is 10.94B. RBC Capital Markets maintained it with "Buy" rating and $4400 target in Friday, June 9 report. Brookfield Infrastructure Partners has a 12-month low of $30.76 and a 12-month high of $44.91. The company has a 50-day moving average price of $42.77 and a 200-day moving average price of $40.09. Private Advisor Group LLC now owns 15,153 shares of the utilities provider's stock worth $580,000 after purchasing an additional 4,664 shares in the last quarter. Bollard Group LLC grew its stake in shares of Brookfield Infrastructure Partners by 1.0% in the second quarter. As of quarter end Janus Capital Management LLC had sold 318,585 shares trimming its position 19.6%. Stifel Financial Corp now owns 18,076 shares of the utilities provider's stock worth $699,000 after purchasing an additional 5,933 shares in the last quarter. Tower Research Capital LLC TRC now owns 2,100 shares of the utilities provider's stock worth $111,000 after purchasing an additional 2,000 shares during the period. Brookfield Infrastructure Partners presently has an average rating of "Buy" and a consensus target price of $45.95. TX acquired a new stake in shares of Brookfield Infrastructure Partners in the first quarter worth $220,000.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, August 3rd. The company had revenue of $934.00 million during the quarter, compared to analysts' expectations of $768.00 million. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Analysts predict that Brookfield Infrastructure Partners will post $1.65 EPS for the current year. The days to cover decreased to 4.0 and the percentage of shorted shares is 0.01% as of August 31. Stifel Financial Corp boosted its holdings in Brookfield Infrastructure Partners by 48.9% in the first quarter. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.13%. The company was downgraded on Tuesday, August 22 by Credit Suisse.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) has risen 38.95% since September 15, 2016 and is uptrending. 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).