Brookfield Infrastructure Partners (NYSE:BIP) Cut to Sell at StockNews.com

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

Several other brokerages have also recently issued reports on BIP. Raymond James upped their price objective on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research note on Tuesday, January 21st. 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, November 7th. Finally, Jefferies Financial Group increased their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.60.

Brookfield Infrastructure Partners Trading Down 0.7 %

Shares of BIP opened at $33.38 on Friday. The firm’s fifty day moving average is $32.96 and its two-hundred day moving average is $32.90. The stock has a market cap of $15.49 billion, a PE ratio of -87.84 and a beta of 1.07. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners has a 52-week low of $24.84 and a 52-week high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several hedge funds have recently added to or reduced their stakes in BIP. Cedar Mountain Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the 3rd quarter worth approximately $26,000. Dunhill Financial LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at $30,000. Truvestments Capital LLC purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at $77,000. Wilmington Savings Fund Society FSB acquired a new stake in Brookfield Infrastructure Partners during the 3rd quarter worth $101,000. Finally, Eastern Bank purchased a new position in Brookfield Infrastructure Partners during the 3rd quarter worth $158,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Company Profile

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.