Brookfield Infrastructure Partners (NYSE:BIP) Lowered to Sell Rating 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 research note published on Friday.

BIP has been the topic of a number of other reports. Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research note on Friday, August 2nd. Jefferies Financial Group increased their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, TD Securities lifted their price target on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.20.

Brookfield Infrastructure Partners Trading Up 0.2 %

Shares of NYSE:BIP traded up $0.08 on Friday, hitting $34.29. 258,435 shares of the company’s stock were exchanged, compared to its average volume of 432,540. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of -201.64 and a beta of 1.06. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.81 and a quick ratio of 0.76. The business’s 50 day simple moving average is $33.98 and its two-hundred day simple moving average is $31.16.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio is presently -952.89%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter worth about $26,000. Bank & Trust Co purchased a new position in Brookfield Infrastructure Partners during the second quarter valued at $31,000. Clear Point Advisors Inc. acquired a new stake in shares of Brookfield Infrastructure Partners in the first quarter valued at about $33,000. Park Place Capital Corp acquired a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter worth about $41,000. Finally, Asset Dedication LLC purchased a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at about $46,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

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.