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

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

BIP has been the topic of a number of other research reports. Raymond James lifted their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research report on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday. Finally, TD Securities boosted their target price on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Brookfield Infrastructure Partners currently has an average rating of “Buy” and an average target price of $42.20.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $32.78 on Friday. The business has a fifty day moving average price of $32.79 and a two-hundred day moving average price of $32.95. The stock has a market capitalization of $15.21 billion, a PE ratio of -86.26 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 0.02% and a net margin of 0.03%. As a group, equities analysts predict that Brookfield Infrastructure Partners will post 3.09 earnings per share for the current fiscal year.

Institutional Trading of Brookfield Infrastructure Partners

Several large investors have recently made changes to their positions in BIP. Principal Financial Group Inc. boosted its position in shares of Brookfield Infrastructure Partners by 12.0% during the fourth quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider’s stock valued at $848,018,000 after buying an additional 2,866,195 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Brookfield Infrastructure Partners by 53.8% in the 4th quarter. Allworth Financial LP now owns 6,861 shares of the utilities provider’s stock worth $222,000 after buying an additional 2,399 shares during the last quarter. Harbor Advisory Corp MA boosted its stake in shares of Brookfield Infrastructure Partners by 1.5% in the 4th quarter. Harbor Advisory Corp MA now owns 252,020 shares of the utilities provider’s stock worth $8,012,000 after buying an additional 3,699 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at approximately $44,000. Finally, Summit Trail Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter valued at approximately $441,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

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.