A number of other institutional investors have also recently added to or reduced their stakes in BIP. The value of the position overall is up by 5.4%. Sheaff Brock Investment Advisors LLC purchased a new position in Brookfield Infrastructure Partners during the second quarter worth approximately $203,000.
Brookfield Infrastructure Partn shares had a trading volume of 1,432K on Tuesday. The stock of Brookfield Infrastructure Partners L.P. (NYSE:BIP) has "Strong Buy" rating given on Wednesday, January 13 by Raymond James. The firm earned "Equal-Weight" rating on Friday, January 22 by Barclays Capital. If we take a long term observation, shares have been trading at a distance of 14.89% from the 200-day moving average.
Shares of Brookfield Infrastructure Partners L.P. (BIP) were valued at $43.84 and moved 1.13% as of a recent closing trade. More interesting news about Brookfield Infrastructure Partners L.P. (NYSE:BIP) were released by: Seekingalpha.com and their article: "Brookfield Infrastructure Partners' (BIP) CEO Sam Pollock on Q2 2017 Results ..." published on August 04, 2017 as well as Seekingalpha.com's news article titled: "Brookfield Infrastructure Partners - The Best Long-Term Utility" with publication date: August 31, 2017. As of the last earnings report the EPS was $0.46 and is expected to be $1.65 for the current year with 259,733,000 shares now outstanding. Return on equity (ROE) is 2.40%. The business had revenue of $934.00 million during the quarter, compared to analysts' expectations of $768.00 million. This recommendation lands on a scale between 1 and 5.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. The shares price has positioned 4.76% up over the past quarter while it has directed 15.35% toward a rising position throughout past six months. The stock has "Sector Perform" rating by Scotia Capital on Tuesday, August 18. Brookfield Infrastructure Partners's dividend payout ratio is now 370.22%.
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These funds have shifted positions in (BIP). The stock has "Buy" rating by RBC Capital Markets on Friday, September 8. RBC Capital Markets maintained the shares of BIP in report on Thursday, February 4 with "Outperform" rating. The target means upside of 15.94 % from the current price. Credit Suisse Group reissued a "buy" rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research note on Wednesday, July 26th. TD Securities maintained it with "Buy" rating and $38 target in Monday, September 26 report. UBS upgraded The Coca-Cola Co (NYSE:KO) on Friday, February 5 to "Buy" rating.
The stock is trading at $41.97 slightly below the 50 day moving average which is $42.58 and a tad above the 200 day moving average of $39.96.
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific.
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