Brookfield Infrastructure Partn (NYSE:BIP) Experiences Heavy Trading Volume

$48.67's average target is 16.13% above currents $41.91 stock price. Brookfield Infrastructure Partners LP has a 12 month low of $30.76 and a 12 month high of $44.91. Zacks Investment Research downgraded shares of Brookfield Infrastructure Partners from a "buy" rating to a "hold" rating in a research note on Monday, June 19th. Inc. owned 0.07% of Brookfield Infrastructure Partners worth $6,996,000 as of its most recent SEC filing. The firm has "Buy" rating given on Monday, September 26 by TD Securities. On Friday, August 4 the stock rating was maintained by RBC Capital Markets with "Buy". Brookfield Infrastructure Partners presently has an average rating of "Buy" and a consensus target price of $45.95.

Shares of Brookfield Infrastructure Partners (NYSE:BIP) opened at 42.13 on Friday. The firm's 50-day moving average is $42.77 and its 200 day moving average is $40.09. Private Advisor Group LLC boosted its holdings in Brookfield Infrastructure Partners by 44.5% in the first quarter.

The company now has a P/E ratio of 92.59 and market capitalization is 10.94B. Citigroup maintained Brookfield Infrastructure Partners L.P. (NYSE:BIP) on Monday, September 19 with "Neutral" rating. The utilities provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.86). Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. The company had revenue of $934.00 million during the quarter, compared to analysts' expectations of $768.00 million.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. The short-interest ratio increased to 4.0 and the short interest percentage is 0.01% as of August 15. The ex-dividend date is Tuesday the 29th of August 2017. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.13%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently 370.22%.

A number of hedge funds have recently made changes to their positions in BIP. The value of the investment in BIP decreased from $54,471,000 to $50,574,000 decreasing 7.2% for the reporting period. Short shares decreased from 1,619,799 to 1,554,848 over that period. BMO Capital's target price per share of $48.0 suggests potential of 14.53 % from the stock's last stock close. Ameriprise Financial Inc. bought a new stake in Brookfield Infrastructure Partners in the first quarter worth $350,000. US Bancorp DE now owns 3,122 shares of the utilities provider's stock worth $121,000 after acquiring an additional 1,660 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the second quarter worth about $203,000.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) has risen 38.95% since September 15, 2016 and is uptrending.

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 utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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