Brookfield Infrastructure Partners LP (BIP) Analysts See $0.82 EPS

Lloyd Doyle
January 21, 2018

Analysts at RBC Capital began coverage on shares of Brookfield Business (BBU) in an analyst note sent to investors on Thursday, 18 January. The firm has "Outperform" rating by Raymond James given on Monday, September 26. $38's average target is 3.26% above currents $36.8 stock price. The Southern Company had 57 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets has "Buy" rating and $45.0 target. The stock of Brookfield Infrastructure Partners L.P. (NYSE:BIP) earned "Sector Perform" rating by Scotia Capital on Tuesday, August 18. As per Friday, March 31, the company rating was maintained by BMO Capital Markets. They issued a "neutral" rating and a $44.00 price target for the company. Credit Suisse upgraded the stock to "Outperform" rating in Friday, June 16 report. The stock has "Neutral" rating by Citigroup on Monday, September 19. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Brookfield Infrastructure Partners has a consensus rating of "Buy" and an average price target of $48.88. It has a 298.48 P/E ratio. Moreover, National Bank & Trust Of America Corp De has 0.03% invested in The Southern Company (NYSE:SO) for 4.04M shares. Brookfield Infrastructure Partners has a 1-year low of $34.30 and a 1-year high of $46.88. The company reported $0.33 EPS for the quarter. Brookfield Infrastructure Partners had a net margin of 5.33% and a return on equity of 1.59%. research analysts expect that Brookfield Infrastructure Partners will post 3.13 earnings per share for the current year. M Partners downgraded the stock to "Hold" rating in Thursday, December 7 report. This buyback authorization allows the utilities provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

A number of other hedge funds and other institutional investors have also made changes to their positions in BPY. Its partnership is Brookfield Asset Management Inc's public commercial property entity and the primary vehicle through which it invests in real estate on a global basis.

Shares of Brookfield Infrastructure Partners (BIP) traded up $0.06 during trading on Friday, reaching $42.95. Principal Financial Group Inc. now owns 8,751,437 shares of the utilities provider's stock valued at $377,532,000 after buying an additional 437,693 shares during the last quarter. FMR LLC increased its position in shares of Brookfield Property Partners 5.4% in the second quarter. Neuberger Berman Group LLC now owns 6,843,911 shares of the utilities provider's stock valued at $295,246,000 after purchasing an additional 194,390 shares in the last quarter. Capital World Investors boosted its position in shares of Brookfield Infrastructure Partners by 58.9% during the 2nd quarter. The firm owned 1,123,610 shares of the company's stock after selling 25,000 shares during the period. Finally, First Manhattan Co. boosted its position in shares of Brookfield Infrastructure Partners by 0.4% during the 3rd quarter. The firm had revenue of $1.52 billion for the quarter.

Sprott Inc. decreased its stake in Brookfield Property Partners L.P. (NYSE:BPY) (TSE:BPY.UN) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark laws.

On 11/29/2017 Brookfield Business Partners L.P. Limited Partnership Units announced a quarterly dividend of $0.06 0.81% with an ex dividend date of 11/29/2017 which will be payable on 12/29/2017. The Company's segments include utilities, transport, energy, communications infrastructure and other. The company??s Utilities segment operates a port facility that exports metallurgical and thermal coal mined in the central Bowen Basin region of Queensland, Australia; approximately 11,200 kilometers of transmission lines in North and South America; and approximately 2.8 million electricity and natural gas connections in the United Kingdom and Colombia.

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