Brookfield Infrastructure Partners (NYSE:BIP) Given News Impact Score of 0.13

A passer-by walks past the exterior of Brookfield Place an upscale mall in Lower Manhattan at the World Financial Center in New York in this Nov. 2015

A passer-by walks past the exterior of Brookfield Place an upscale mall in Lower Manhattan at the World Financial Center in New York in this Nov. 2015

Other equities research analysts also recently issued research reports about the company. Brookfield Renewable Partners L.P. TD Securities raised the price target of the stock on September 18 boosting the projection from $0.00 to $57.00 and issued a "Buy" recommendation. Credit Suisse Group assumed coverage on shares of Brookfield Infrastructure Partners in a research note on Monday, September 18th. The stock now has an average rating of "Hold" and an average price target of $38.39. (NYSE BEP) traded up $0.06 during trading on Thursday, reaching $34.05. Brookfield Infrastructure Partners has a 52-week low of $30.76 and a 52-week high of $44.91. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.74. The firm has a market cap of $12,012.80, a P/E ratio of 160.93, a PEG ratio of 1.26 and a beta of 1.06.

This article was originally published by and is the sole property of. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of global copyright & trademark laws. The original version of this article can be viewed at https://baseballnewssource.com/markets/zacks-investment-research-lowers-brookfield-infrastructure-partners-lp-bip-to-hold/1763802.html. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.87 dividend on an annualized basis and a yield of 5.50%. Brookfield Renewable Partners L.P.'s payout ratio is -1,558.20%.

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"We are excited about the opportunity to leverage our expertise to grow, transform or reposition GGP's shopping centers, creating long-term value in a way that would not otherwise be possible", Brookfield Chief Executive Brian Kingston said in prepared remarks. Finally, Jarislowsky Fraser Ltd purchased a new position in Brookfield Property Partners L.P. during the third quarter worth approximately $239,000. Shamrock Asset Management LLC expanded its holdings by buying 1,112 shares an increase of 4.1%. Finally, Guardian Capital Advisors LP grew its stake in shares of Brookfield Renewable Partners L.P.by 2.7% during the second quarter. Its position was valued at $44,179,000 an increase of 11.0% as of the end of the quarter. Wells Fargo & Company MN now owns 8,972 shares of the utilities provider's stock valued at $287,000 after buying an additional 6,350 shares during the last quarter.

Here are a few institutional investors who have updated their positions.

Brookfield noted that each common share of GGP will be acquired for consideration of $23.00.

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