Brookfield Infrastructure Partners (NYSE BIP) opened at 42.10 on Monday. Bellwether Investment Group LLC now owns 2,718 shares of the utilities provider's stock worth $105,000 after purchasing an additional 32 shares during the period. Scotiabank lifted their price objective on Brookfield Infrastructure Partners from $40.00 to $57.00 and gave the company an "outperform" rating in a report on Tuesday, June 6th.
BIP has been the topic of several research reports.
On September 11 analysts at BMO Capital started covering BIP with a rating of "Outperform". If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & worldwide trademark and copyright laws. Zacks Investment Research cut Brookfield Infrastructure Partners from a "buy" rating to a "hold" rating in a research report on Thursday, June 1st. Finally, TD Securities upped their price target on Brookfield Infrastructure Partners from $42.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, August 8th. Credit Suisse Group reiterated a "buy" rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Wednesday, July 26th. As per Thursday, February 4, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with "Buy" on Friday, June 9.
Brookfield Infrastructure Partners L.P., launched on May 29, 2007, owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. Brookfield Infrastructure Partners has a 12 month low of $30.76 and a 12 month high of $44.91. The company has a 50-day moving average of $42.72 and a 200-day moving average of $40.05. Analysts expect next quarter's EPS to be $0.58 and the next full year EPS is projected to be $2.31.
Other hedge funds also recently made changes to their positions in the company. On Friday, August 4 the stock rating was maintained by RBC Capital Markets with "Buy". Sequoia Financial Advisors, LLC trimmed its investment by shedding 746 shares a decrease of 0.3% as of 06/30/2017. The value of the investment in BIP decreased from $1,571,000 to $452,000 a change of $1,119,000 quarter to quarter. As of the end of the quarter Dialectic Capital Management, Lp had sold a total of 23,000 shares trimming its position 66.3%. Bollard Group LLC now owns 3,681 shares of the utilities provider's stock worth $151,000 after acquiring an additional 38 shares during the last quarter. The company has an average rating of Buy and a consensus price target of $45.95. Brookfield Infrastructure Partners had a return on equity of 2.70% and a net margin of 9.36%. Tower Research Capital LLC TRC now owns 2,100 shares of the utilities provider's stock worth $111,000 after purchasing an additional 2,000 shares during the period. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $768.00 million.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. The dividend will be $0.435 per share for the quarter which is $1.74 annualized. US Bancorp DE increased its position in Brookfield Infrastructure Partners by 113.5% in the first quarter. Equities analysts forecast that Brookfield Infrastructure Partners LP will post $1.65 EPS for the current fiscal year. The ex-dividend date will be on Tuesday the 29th of August 2017. This dividend amount will represent a yeild of $4.13.
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific.