Shares of Brookfield Infrastructure Partners (NYSE:BIP) opened at 42.13 on Friday. Short shares decreased from 1,619,799 to 1,554,848 over that period. AGF Investments Inc. owned approximately 0.16% of Brookfield Infrastructure Partners worth $16,573,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other brokerages have also weighed in on BIP. Bollard Group LLC raised its position in Brookfield Infrastructure Partners by 1.0% during the second quarter. Stifel Financial Corp now owns 18,076 shares of the utilities provider's stock worth $699,000 after purchasing an additional 5,933 shares in the last quarter. US Bancorp DE grew its stake in shares of Brookfield Infrastructure Partners by 113.5% in the first quarter. Stifel Financial Corp boosted its holdings in Brookfield Infrastructure Partners by 48.9% in the first quarter. Hudock Capital Group LLC now owns 5,109 shares of the utilities provider's stock worth $209,000 after acquiring an additional 1,382 shares during the last quarter. Finally, State of Tennessee Treasury Department acquired a new position in Brookfield Infrastructure Partners in the 2nd quarter worth about $3,709,000.
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These firms have modified their investment in BIP. The company had a trading volume of 2,606,254 shares.
The company now has a P/E ratio of 92.59 and market capitalization is 10.94B. The stock's 50 day moving average price is $42.77 and its 200 day moving average price is $40.09.
Brookfield Infrastructure Partners L.P. has 52 week low of $30.76 and a 52 week high of $44.91 with a PE ratio of 92.59 and has a market capitalization of $0. Brookfield Infrastructure Partners had 26 analyst reports since August 6, 2015 according to SRatingsIntel. They expect $0.82 earnings per share, up 20.59 % or $0.14 from last year's $0.68 per share. Brookfield Infrastructure Partners had a net margin of 9.36% and a return on equity of 2.70%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $768.00 million. Analysts predict that Brookfield Infrastructure Partners will post $1.65 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. The days to cover decreased to 4.0 and the percentage of shorted shares is 0.01% as of August 31. The dividend will be $0.435 per share for the quarter which is $1.74 annualized. The company was downgraded on Tuesday, August 22 by Credit Suisse. This dividend amount will represent a yeild of $4.13.
BIP has been the topic of several research reports.
In a report released on 06/20/2017 Zacks Investment Research increased the stock price target of Brookfield Infrastructure Partners L.P. (NYSE:BIP) to $46.00 reporting a possible upside of 0.13%.
Analysts await Brookfield Infrastructure Partners L.P. (NYSE:BIP) to report earnings on November, 3. The firm has "Strong Buy" rating given on Wednesday, January 13 by Raymond James. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Brookfield Infrastructure Partners presently has an average rating of "Buy" and a consensus target price of $45.95.
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company's divisions include utilities, transport, energy, communications infrastructure and other.
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