Brookfield Infrastructure Partners L.P. (NYSE:BIP) Given Consensus Recommendation of “Buy” by Analysts

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have been assigned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $40.20.

Several analysts have commented on BIP shares. Jefferies Financial Group lifted their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. TD Securities lifted their price target on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th.

Brookfield Infrastructure Partners Trading Up 0.4 %

Shares of BIP stock opened at $32.49 on Wednesday. Brookfield Infrastructure Partners has a 52-week low of $24.84 and a 52-week high of $36.50. The company has a 50-day simple moving average of $34.60 and a two-hundred day simple moving average of $32.13. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of -85.50 and a beta of 1.05.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently -426.32%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Institutional investors have recently made changes to their positions in the stock. Wulff Hansen & CO. lifted its stake in Brookfield Infrastructure Partners by 2,562.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,615,448 shares of the utilities provider’s stock worth $44,328,000 after purchasing an additional 1,554,782 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Brookfield Infrastructure Partners by 7.1% during the second quarter. Principal Financial Group Inc. now owns 23,193,050 shares of the utilities provider’s stock valued at $636,417,000 after buying an additional 1,540,223 shares during the period. International Assets Investment Management LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter worth about $410,650,000. Intact Investment Management Inc. bought a new position in Brookfield Infrastructure Partners in the 3rd quarter worth about $40,286,000. Finally, CCLA Investment Management raised its holdings in shares of Brookfield Infrastructure Partners by 35.0% in the 2nd quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider’s stock valued at $119,180,000 after acquiring an additional 1,125,964 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.