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 report issued on Saturday.

BIP has been the subject of several other research reports. Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a research note on Friday, August 2nd. Jefferies Financial Group lifted their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, TD Securities lifted their price target on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Brookfield Infrastructure Partners currently has an average rating of “Moderate Buy” and an average target price of $40.20.

Brookfield Infrastructure Partners Price Performance

NYSE:BIP opened at $34.19 on Friday. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of -89.97 and a beta of 1.06. Brookfield Infrastructure Partners has a 52-week low of $24.84 and a 52-week high of $36.50. The stock has a fifty day moving average of $34.28 and a 200 day moving average of $31.41. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.76 and a current ratio of 0.03.

Institutional Trading of Brookfield Infrastructure Partners

A number of hedge funds have recently made changes to their positions in the stock. Dunhill Financial LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter worth approximately $30,000. National Bank of Canada FI lifted its position in Brookfield Infrastructure Partners by 5.4% in the 3rd quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock valued at $89,362,000 after acquiring an additional 130,371 shares in the last quarter. Voya Financial Advisors Inc. bought a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $207,000. Stifel Financial Corp lifted its position in Brookfield Infrastructure Partners by 2.0% in the 3rd quarter. Stifel Financial Corp now owns 88,198 shares of the utilities provider’s stock valued at $3,090,000 after acquiring an additional 1,763 shares in the last quarter. Finally, Ascent Group LLC bought a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $216,000. 57.92% of the stock is owned by institutional investors.

About Brookfield Infrastructure Partners

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.