Over the past twelve months, Brookfield Infrastructure Partners L.P. (NYSE:BIP)'s stock was 31.01%.
Several other institutional investors have also recently added to or reduced their stakes in the stock. First Manhattan Co. lifted its position in shares of Brookfield Renewable Partners by 3.0% in the second quarter. Principal Financial Group Inc. grew its holdings in shares of Brookfield Renewable Partners by 6.3% in the second quarter. American Assets Capital Advisers purchased a new position in shares of Brookfield Renewable Partners in the second quarter valued at about $10,520,000. Institutional investors and hedge funds own 46.45% of the company's stock. Brookfield Infrastructure Partners L.P. (NYSE BIP) traded up 0.30% during trading on Wednesday, hitting $40.37. The firm has a market capitalization of $12,070.86, a price-to-earnings ratio of 161.70, a PEG ratio of 1.27 and a beta of 1.05. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be given a dividend of $0.435 per share. Analysts have a consensus recommendation of 2.10 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The ex-dividend date is Wednesday, November 29th. Brookfield Renewable Partners's dividend payout ratio is -1,558.33%.
Looking at the chart above, BEP's low point in its 52 week range is $28.13 per share, with $36.00 as the 52 week high point - that compares with a last trade of $32.28. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued. BMO Capital Markets started coverage on shares of Brookfield Infrastructure Partners in a research report on Monday, September 11th. TD Securities increased their target price on shares of Brookfield Renewable Partners from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Brookfield Infrastructure Partners from a "buy" rating to a "hold" rating in a research note on Tuesday, August 8th.
Research analysts are predicting that Brookfield Renewable Partners L.P. (NYSE:BEP) will report earnings of $0.01 per share when the firm issues their next quarterly report. Finally, Scotiabank restated an "outperform" rating and issued a $59.50 price target on shares of Brookfield Infrastructure Partners in a report on Tuesday, November 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. If you are accessing this news story on another site, it was illegally copied and reposted in violation of global trademark & copyright legislation. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & global copyright law.
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. Its segments include Hydroelectric, Wind, Other and Corporate. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).