Brookfield Infrastructure Partners (NYSE:BIP) Upgraded at StockNews.com

StockNews.com upgraded shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) from a sell rating to a hold rating in a research note published on Saturday.

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

Brookfield Infrastructure Partners Trading Up 0.4 %

NYSE:BIP opened at $34.20 on Friday. The firm has a 50-day simple moving average of $34.28 and a 200-day simple moving average of $31.44. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.76 and a current ratio of 0.77. Brookfield Infrastructure Partners has a one year low of $24.84 and a one year high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.74%. Brookfield Infrastructure Partners’s payout ratio is currently -426.32%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Hedge funds have recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at about $26,000. Dunhill Financial LLC purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth approximately $30,000. Bank & Trust Co purchased a new stake in Brookfield Infrastructure Partners in the 2nd quarter worth approximately $31,000. Clear Point Advisors Inc. purchased a new position in shares of Brookfield Infrastructure Partners during the 1st quarter valued at approximately $33,000. Finally, Park Place Capital Corp purchased a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter valued at approximately $41,000. 57.92% of the stock is owned by hedge funds and other 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.