Brookfield Infrastructure Partners (NYSE:BIP) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Brookfield Infrastructure Partners (NYSE:BIP - Free Report) TSE: BIP.UN from a sell rating to a hold rating in a report released on Saturday morning.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group increased their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. TD Securities increased their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Cibc World Mkts upgraded Brookfield Infrastructure Partners to a "strong-buy" rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.20.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP traded up $0.15 during trading on Friday, hitting $34.20. The company had a trading volume of 362,559 shares, compared to its average volume of 431,114. The stock has a 50 day simple moving average of $34.28 and a 200 day simple moving average of $31.41. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.76 and a current ratio of 0.03. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50. The firm has a market capitalization of $15.79 billion, a P/E ratio of -89.97 and a beta of 1.06.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 4.74%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure Partners's dividend payout ratio is presently -426.32%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Large investors have recently modified their holdings of the stock. Cedar Mountain Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at approximately $26,000. Dunhill Financial LLC bought a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter valued at approximately $30,000. Bank & Trust Co purchased a new position in Brookfield Infrastructure Partners during the 2nd quarter valued at $31,000. Clear Point Advisors Inc. purchased a new position in Brookfield Infrastructure Partners during the 1st quarter valued at $33,000. Finally, Park Place Capital Corp purchased a new position in Brookfield Infrastructure Partners during the 2nd quarter valued at $41,000. 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.