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

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages also recently commented on BIP. Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. TD Securities increased their price target on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. 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 report on Monday, September 30th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $34.19 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of -89.97 and a beta of 1.06. The stock has a 50 day moving average of $34.28 and a 200 day moving average of $31.41. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of large investors have recently made changes to their positions in the stock. Capital World Investors boosted its holdings in shares of 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 worth $1,198,095,000 after acquiring an additional 3,141,038 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Brookfield Infrastructure Partners by 2.7% in the third quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider’s stock worth $834,282,000 after acquiring an additional 616,373 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Brookfield Infrastructure Partners by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 6,147,654 shares of the utilities provider’s stock worth $168,680,000 after acquiring an additional 257,587 shares during the period. CCLA Investment Management boosted its holdings in shares of Brookfield Infrastructure Partners by 35.0% in the second quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider’s stock worth $119,180,000 after acquiring an additional 1,125,964 shares during the period. Finally, Select Equity Group L.P. boosted its holdings in shares of 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 worth $115,326,000 after acquiring an additional 960,120 shares during the period. 57.92% of the stock is owned by 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.