BMO Capital Markets Trims Brookfield Infrastructure Partners (NYSE:BIP) Target Price to $36.00

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price target lowered by BMO Capital Markets from $40.00 to $36.00 in a research report sent to investors on Thursday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the utilities provider’s stock.

Other equities research analysts have also issued reports about the company. National Bank Financial lowered Brookfield Infrastructure Partners from an outperform rating to a sector perform rating in a research report on Tuesday, January 30th. TD Securities cut their price target on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a buy rating on the stock in a report on Friday, February 2nd. Raymond James upped their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the stock a strong-buy rating in a research report on Friday, February 2nd. Jefferies Financial Group dropped their target price on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a buy rating on the stock in a research report on Wednesday, April 17th. Finally, National Bankshares lowered Brookfield Infrastructure Partners from an outperform rating to a sector perform rating and set a $32.00 target price for the company. in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $38.20.

Brookfield Infrastructure Partners Trading Up 3.0 %

Shares of BIP stock opened at $29.28 on Thursday. Brookfield Infrastructure Partners has a 12 month low of $21.03 and a 12 month high of $37.32. The firm has a market capitalization of $13.51 billion, a PE ratio of 94.45 and a beta of 0.99. The firm has a fifty day simple moving average of $28.56 and a two-hundred day simple moving average of $28.70.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Thursday, February 1st. The utilities provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.79 by ($0.99). Brookfield Infrastructure Partners had a return on equity of 1.23% and a net margin of 2.05%. The business had revenue of $4.97 billion for the quarter. On average, equities analysts predict that Brookfield Infrastructure Partners will post 3.29 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a $0.405 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.62 annualized dividend and a yield of 5.53%. Brookfield Infrastructure Partners’s payout ratio is 522.58%.

Institutional Trading of Brookfield Infrastructure Partners

Large investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at approximately $30,000. Heritage Wealth Advisors purchased a new position in Brookfield Infrastructure Partners in the 4th quarter valued at approximately $31,000. WFA Asset Management Corp raised its holdings in Brookfield Infrastructure Partners by 197.1% during the 1st quarter. WFA Asset Management Corp now owns 1,141 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 757 shares during the period. Bromfield Sneider Wealth Advisors purchased a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth $39,000. Finally, Rational Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners in the third quarter worth $39,000. 57.92% of the stock is owned by hedge funds and other 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.