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

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Friday.

Other research analysts also recently issued reports about the company. TD Securities boosted 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. Cibc World Mkts upgraded Brookfield Infrastructure Partners to a "strong-buy" rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group upped their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.20.

Brookfield Infrastructure Partners Price Performance

BIP stock traded up $0.07 during trading on Friday, hitting $34.28. The company had a trading volume of 258,435 shares, compared to its average volume of 432,540. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. The company has a fifty day moving average price of $33.98 and a two-hundred day moving average price of $31.16. The company has a market cap of $15.83 billion, a P/E ratio of -201.64 and a beta of 1.06.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Capital World Investors boosted its stake in Brookfield Infrastructure Partners by 8.9% in the first quarter. Capital World Investors now owns 38,365,956 shares of the utilities provider's stock valued at $1,198,095,000 after acquiring an additional 3,141,038 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Brookfield Infrastructure Partners by 2.7% in 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 boosted its position in shares of Brookfield Infrastructure Partners by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,147,654 shares of the utilities provider's stock worth $168,680,000 after purchasing an additional 257,587 shares during the last quarter. CCLA Investment Management grew its stake in shares of Brookfield Infrastructure Partners by 35.0% during the second quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider's stock worth $119,180,000 after purchasing an additional 1,125,964 shares during the period. Finally, Select Equity Group L.P. increased its holdings in Brookfield Infrastructure Partners by 29.6% in 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 purchasing an additional 960,120 shares during the last quarter. Institutional investors own 57.92% of the company's stock.

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.

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