Just yesterday Brookfield Infrastructure Partners L.P. (NYSE:BIP) traded 0.07% higher at $40.85. Short shares decreased from 1,619,799 to 1,554,848 over that period. US Bancorp DE boosted its holdings in Brookfield Infrastructure Partners by 113.5% in the first quarter.
A number of other brokerages have also weighed in on BIP. As of quarter end Janus Capital Management LLC had sold 318,585 shares trimming its position 19.6%. Sequoia Financial Advisors, LLC claims 221,852 shares valued at $9,076,000. Bellwether Investment Group LLC increased its position in Brookfield Infrastructure Partners by 1.2% in the 1st quarter. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the second quarter worth about $203,000. 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. BMO Capital's target price per share of $48.0 suggests potential of 14.53 % from the stock's last stock close.
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Trading was heavy with 2,158K shares changing hands by the end of trading on Friday. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 92.53 and a beta of 1.09. Credit Suisse Group lowered Brookfield Infrastructure Partners from an outperform rating to a neutral rating and set a $44.00 target price for the company.in a research note on Tuesday, August 22nd. Brookfield Infrastructure Partners L.P.'s 50-day moving average is $42.77 and its 200-day moving average is $40.09. The utilities provider reported ($0.06) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.80 by ($0.86). The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $768.00 million. On average, equities research analysts predict that Brookfield Infrastructure Partners will post $1.65 EPS for the current fiscal year. The company also recently declared a dividend for shareholders payable on Friday the 29th of September 2017. The days to cover decreased to 4.0 and the percentage of shorted shares is 0.01% as of August 31. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date will be on Tuesday the 29th of August 2017. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently 370.22%.
Several research analysts recently commented on BIP shares.
COPYRIGHT VIOLATION NOTICE: "Brookfield Infrastructure Partners LP (BIP) Receives Consensus Rating of "Buy" from Brokerages" was first reported by StockNewsTimes and is the property of of StockNewsTimes.
Equity analyst BMO Capital began coverage of BIP with a rating of "Outperform". The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $46.06. The company was maintained on Friday, September 8 by RBC Capital Markets.
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 Company's segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution, electricity transmission and a regulated terminal (coal export terminal).