Just yesterday Brookfield Infrastructure Partners L.P. (NYSE:BIP) traded 0.07% higher at $40.85. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider's stock worth $105,000 after purchasing an additional 32 shares during the period. The stock of Brookfield Infrastructure Partners L.P. (NYSE:BIP) earned "Outperform" rating by Credit Suisse on Friday, June 16.
BIP has been the topic of several research reports.
Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have received a consensus recommendation of "Buy" from the eleven ratings firms that are covering the stock, MarketBeat.com reports. If you are accessing this news story on another website, it was copied illegally and republished in violation of USA & worldwide copyright and trademark laws. Zacks Investment Research lowered Brookfield Infrastructure Partners from a buy rating to a hold rating in a research note on Tuesday, August 8th. The rating was upgraded by Raymond James to "Strong Buy" on Wednesday, January 13. As per Thursday, February 4, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of BIP in report on Friday, August 4 with "Buy" rating.
Brookfield Infrastructure Partners L.P. has 52 week low of $30.76 and a 52 week high of $44.91 with a PE ratio of 92.59 and has a market capitalization of $0. Private Advisor Group LLC boosted its holdings in Brookfield Infrastructure Partners by 44.5% in the first quarter. They expect $0.82 earnings per share, up 20.59 % or $0.14 from last year's $0.68 per share.
These funds have shifted positions in (BIP). The company was maintained on Friday, September 8 by RBC Capital Markets. The value of the investment in BIP decreased from $1,571,000 to $452,000 a change of $1,119,000 quarter to quarter. Tower Research Capital LLC TRC increased its position in Brookfield Infrastructure Partners by 2,000.0% in the second quarter. 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. After $0.80 actual EPS reported by Brookfield Infrastructure Partners L.P. for the previous quarter, Wall Street now forecasts 2.50 % EPS growth. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $768.00 million. Additionally the company announced a dividend for shareholders to be paid on Friday the 29th of September 2017. Investors of record on Thursday, August 31st will be given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 4.13%. Ameriprise Financial Inc. bought a new stake in Brookfield Infrastructure Partners in the first quarter worth $350,000. Crestwood Advisors Group LLC now owns 12,250 shares of the utilities provider's stock worth $493,000 after purchasing an additional 1,000 shares during the last quarter. The ex-dividend date will be Tuesday the 29th of August 2017. In the last earnings report the EPS was $0.46 and is projected to be $1.65 for the current year with 259,733,000 shares presently outstanding. Brookfield Infrastructure Partners's dividend payout ratio is presently 370.22%.
Brookfield Infrastructure Partners L.P. (NYSE:BIP) has risen 38.95% since September 15, 2016 and is uptrending. The Company's divisions 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).