Brookfield Infrastructure Partners (NYSE:BIP) Downgraded by 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 report issued on Friday.

A number of other analysts also recently weighed in on the stock. Raymond James increased their price target on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a strong-buy rating in a research report on Friday, February 2nd. BMO Capital Markets lowered their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $36.00 and set an outperform rating for the company in a research report on Thursday, May 2nd. Jefferies Financial Group reduced their target price on Brookfield Infrastructure Partners from $37.00 to $34.00 and set a buy rating on the stock in a report on Wednesday, April 17th. National Bankshares lowered Brookfield Infrastructure Partners from an outperform rating to a sector perform rating and set a $32.00 price target on the stock. in a research report on Tuesday, January 30th. Finally, TD Securities decreased their price objective on Brookfield Infrastructure Partners from $47.00 to $46.00 and set a buy rating for the company in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $38.20.

Brookfield Infrastructure Partners Trading Up 3.2 %

NYSE BIP opened at $30.21 on Friday. Brookfield Infrastructure Partners has a 12 month low of $21.03 and a 12 month high of $37.32. The company has a market capitalization of $13.94 billion, a PE ratio of 97.45 and a beta of 0.99. The stock has a 50-day simple moving average of $28.58 and a 200 day simple moving average of $28.78.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a $0.405 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.36%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 522.58%.

Institutional Trading of Brookfield Infrastructure Partners

Large investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at approximately $30,000. Heritage Wealth Advisors purchased a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at about $31,000. WFA Asset Management Corp lifted its position in shares of Brookfield Infrastructure Partners by 197.1% during the first quarter. WFA Asset Management Corp now owns 1,141 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 757 shares in the last quarter. Rational Advisors LLC bought a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth about $39,000. Finally, Bromfield Sneider Wealth Advisors bought a new position in shares of Brookfield Infrastructure Partners during the 1st quarter worth approximately $39,000. Institutional investors and hedge funds 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.