HighTower Advisors LLC now owns 193,001 shares of the utilities provider's stock valued at $7,476,000 after buying an additional 11,474 shares in the last quarter. The stock of Brookfield Infrastructure Partners L.P. (NYSE:BIP) has "Strong Buy" rating given on Wednesday, January 13 by Raymond James.
On 2/3/2017 Brookfield Infrastructure Partners L.P. announced a quarterly dividend of $0.44 4.93% with an ex dividend date of 2/24/2017 which will be payable on 3/31/2017. Creative Planning raised its stake in shares of Brookfield Infrastructure Partners L.P.by 53.2% in the first quarter. Ancora Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners L.P. during the fourth quarter worth approximately $120,000. Karpas Strategies LLC now owns 115,725 shares of the utilities provider's stock valued at $3,441,000 after buying an additional 900 shares during the period. Franklin Resources Inc. raised its stake in Brookfield Infrastructure Partners L.P.by 69.3% in the fourth quarter. Finally, Nexus Investment Management Inc. raised its stake in shares of Brookfield Infrastructure Partners L.P.by 2.2% in the first quarter. Hexavest Inc. now owns 334,740 shares of the utilities provider's stock valued at $9,889,000 after buying an additional 25,708 shares during the period. Brookfield Infrastructure Partners has $65 highest and $35 lowest target.
Brookfield Renewable Partners (BEP) traded up 0.03% during mid-day trading on Wednesday, reaching $31.93. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The firm has a market capitalization of $10.46 billion, a P/E ratio of 44.1997 and a beta of 1.05. The company has a 50 day moving average of $31.31 and a 200-day moving average of $29.79.
Shares of Brookfield Infrastructure Partners L.P.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. This represents a $1.87 dividend on an annualized basis and a yield of 5.86%. Brookfield Infrastructure Partners L.P.'s dividend payout ratio (DPR) is now 139.29%.
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Several research analysts have recently weighed in on BIP shares.
According to the the latest analyst ratings which have been released, 2 brokers have issued a rating of "buy", 5 brokers "outperform", 3 brokers "hold", 0 brokers "underperform" and 0 brokers "sell".
Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Brookfield Renewable Energy Partners LP (NYSE:BEP). TD Securities reiterated a "buy" rating and issued a $45.00 price target on shares of Brookfield Renewable Partners in a research note on Thursday, May 4th.
2/10/2017-Credit Suisse Group AG was Downgraded by analysts at Credit Suisse Group AG from a "Outperform " rating to a " Neutral" rating. The rating was initiated by National Bank Canada with "Outperform" on Tuesday, December 1. The stock of Brookfield Infrastructure Partners L.P. (NYSE:BIP) earned "Buy" rating by TD Securities on Monday, September 26. Brookfield Infrastructure Partners L.P. now has a consensus rating of "Buy" and a consensus price target of $42.04. Bellwether Investment Group LLC boosted its position in shares of Brookfield Infrastructure Partners L.P.by 1.2% in the first quarter.
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 utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).