Brookfield Infrastructure Partners (NYSE:BIP) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) from a hold rating to a sell rating in a research note issued to investors on Friday.

A number of other research analysts have also issued reports on the company. TD Securities lifted their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on shares of 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, Raymond James boosted their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Brookfield Infrastructure Partners presently has an average rating of “Moderate Buy” and an average target price of $40.60.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP opened at $33.38 on Friday. Brookfield Infrastructure Partners has a 1 year low of $24.84 and a 1 year high of $36.50. The firm has a market cap of $15.49 billion, a P/E ratio of -87.84 and a beta of 1.07. The stock has a fifty day moving average price of $32.96 and a two-hundred day moving average price of $32.84. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 4.85%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently -426.32%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Brookfield Infrastructure Partners by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider’s stock valued at $834,282,000 after purchasing an additional 616,373 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Brookfield Infrastructure Partners by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 6,147,654 shares of the utilities provider’s stock valued at $168,680,000 after buying an additional 257,587 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of Brookfield Infrastructure Partners by 29.6% during the second quarter. Select Equity Group L.P. now owns 4,202,842 shares of the utilities provider’s stock valued at $115,326,000 after buying an additional 960,120 shares in the last quarter. Toronto Dominion Bank lifted its stake in Brookfield Infrastructure Partners by 24.6% in the 3rd quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock worth $140,273,000 after acquiring an additional 790,078 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake 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 worth $89,362,000 after acquiring an additional 130,371 shares in the last quarter. Hedge funds and other 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.