Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) – Equities researchers at National Bank Financial cut their Q3 2018 EPS estimates for shares of Brookfield Infrastructure Partners in a report released on Tuesday, October 16th. National Bank Financial analyst R. Merer now forecasts that the utilities provider will post earnings per share of $0.72 for the quarter, down from their previous estimate of $0.79. National Bank Financial also issued estimates for Brookfield Infrastructure Partners’ Q4 2018 earnings at $0.83 EPS and FY2018 earnings at $3.14 EPS.

Several other analysts have also commented on BIP. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, July 11th. ValuEngine upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Thursday, July 5th. Bank of America assumed coverage on shares of Brookfield Infrastructure Partners in a research report on Tuesday, July 10th. They issued a “buy” rating on the stock. Credit Suisse Group upgraded shares of Brookfield Infrastructure Partners from a “neutral” rating to an “outperform” rating and increased their price target for the company from $44.00 to $46.00 in a research report on Thursday, July 5th. Finally, Royal Bank of Canada increased their price target on shares of Brookfield Infrastructure Partners from $47.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $46.70.

BIP stock opened at $40.14 on Thursday. The company has a market capitalization of $13.78 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.25 and a beta of 0.95. Brookfield Infrastructure Partners has a 12 month low of $37.27 and a 12 month high of $46.88. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.84.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.55). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $833.00 million. Brookfield Infrastructure Partners had a net margin of 8.25% and a return on equity of 3.29%.

Several institutional investors and hedge funds have recently made changes to their positions in BIP. Raymond James Trust N.A. purchased a new position in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $217,000. Bridges Investment Management Inc. purchased a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $230,000. Chicago Capital LLC purchased a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $232,000. Community Financial Services Group LLC purchased a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $288,000. Finally, Cypress Wealth Services LLC purchased a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $301,000. 37.99% of the stock is currently owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, August 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 4.68%. The ex-dividend date was Thursday, August 30th. Brookfield Infrastructure Partners’s payout ratio is 124.50%.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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