Brookfield Infrastructure Partners (NYSE:BIP) Upgraded by StockNews.com to Hold Rating

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a report on Friday. Raymond James boosted their price target on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Thursday. Finally, TD Securities raised their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $42.20.

Brookfield Infrastructure Partners Trading Down 2.4 %

Shares of BIP stock opened at $32.78 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. The firm has a market cap of $15.21 billion, a P/E ratio of -86.26 and a beta of 1.07. The company has a 50 day moving average of $32.79 and a 200-day moving average of $32.95. Brookfield Infrastructure Partners has a 12-month low of $24.84 and a 12-month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 0.02% and a net margin of 0.03%. Sell-side analysts anticipate that Brookfield Infrastructure Partners will post 3.09 earnings per share for the current year.

Institutional Trading of Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Brookfield Infrastructure Partners by 12.0% during the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider’s stock valued at $848,018,000 after purchasing an additional 2,866,195 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter worth about $410,650,000. Intact Investment Management Inc. purchased a new position in Brookfield Infrastructure Partners during the third quarter worth about $40,286,000. Pathway Financial Advisers LLC increased its stake in Brookfield Infrastructure Partners by 1,616.3% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,079,521 shares of the utilities provider’s stock worth $37,826,000 after acquiring an additional 1,016,623 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. boosted its position in shares of Brookfield Infrastructure Partners by 101.0% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,587,548 shares of the utilities provider’s stock valued at $55,783,000 after acquiring an additional 797,649 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.