Barclays PLC reaffirmed their equal weight rating on shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) in a research note issued to investors on Sunday. They currently have a $42.00 price target on the utilities provider’s stock, up from their prior price target of $37.00.

BIP has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Brookfield Infrastructure Partners L.P. from a hold rating to a sell rating in a report on Wednesday, January 4th. Royal Bank of Canada reiterated a buy rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners L.P. in a report on Friday, April 7th. Credit Suisse Group AG lowered shares of Brookfield Infrastructure Partners L.P. from an outperform rating to a neutral rating and set a $40.00 price objective for the company. in a report on Friday, February 10th. Finally, Scotiabank lifted their price objective on shares of Brookfield Infrastructure Partners L.P. from C$37.75 to C$52.00 and gave the company an outperform rating in a report on Wednesday, April 5th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $40.93.

Analyst Recommendations for Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) traded up 0.13% on Friday, reaching $38.57. 155,356 shares of the company traded hands. Brookfield Infrastructure Partners L.P. has a 1-year low of $27.17 and a 1-year high of $39.70. The firm has a market capitalization of $10.01 billion, a P/E ratio of 34.19 and a beta of 1.05. The stock has a 50-day moving average price of $37.63 and a 200 day moving average price of $34.95.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) last released its quarterly earnings results on Wednesday, February 1st. The utilities provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by $0.26. Brookfield Infrastructure Partners L.P. had a return on equity of 5.82% and a net margin of 22.41%. The firm had revenue of $677 million for the quarter, compared to analysts’ expectations of $699 million. Analysts anticipate that Brookfield Infrastructure Partners L.P. will post $1.79 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th were issued a $0.435 dividend. The ex-dividend date was Friday, February 24th. This represents a $1.74 annualized dividend and a dividend yield of 4.51%. This is a positive change from Brookfield Infrastructure Partners L.P.’s previous quarterly dividend of $0.29. Brookfield Infrastructure Partners L.P.’s payout ratio is currently 139.29%.

Several large investors have recently bought and sold shares of the stock. Isthmus Partners LLC raised its stake in Brookfield Infrastructure Partners L.P. by 50.0% in the third quarter. Isthmus Partners LLC now owns 3,000 shares of the utilities provider’s stock valued at $101,000 after buying an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Brookfield Infrastructure Partners L.P. by 7,126.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,035 shares of the utilities provider’s stock valued at $105,000 after buying an additional 2,993 shares in the last quarter. Hudock Capital Group LLC raised its stake in Brookfield Infrastructure Partners L.P. by 54.7% in the third quarter. Hudock Capital Group LLC now owns 3,227 shares of the utilities provider’s stock valued at $111,000 after buying an additional 1,141 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Brookfield Infrastructure Partners L.P. during the fourth quarter valued at approximately $120,000. Finally, Bollard Group LLC raised its stake in Brookfield Infrastructure Partners L.P. by 51.7% in the third quarter. Bollard Group LLC now owns 3,562 shares of the utilities provider’s stock valued at $123,000 after buying an additional 1,214 shares in the last quarter. Institutional investors and hedge funds own 42.12% of the company’s stock.

About Brookfield Infrastructure Partners L.P.

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).

5 Day Chart for NYSE:BIP

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