Brookfield Infrastructure Partners L.P. (NYSE:BIP) Given Average Rating of “Buy” by Brokerages

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have been assigned an average rating of “Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $42.50.

Several analysts recently commented on BIP shares. TD Securities raised their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Scotiabank lifted their target price on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Raymond James boosted their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday. Finally, StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BIP. Promus Capital LLC purchased a new position in Brookfield Infrastructure Partners in the 4th quarter valued at $26,000. Dunhill Financial LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $30,000. Compass Planning Associates Inc purchased a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth $28,000. Larson Financial Group LLC purchased a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth $30,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at about $32,000. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Up 0.2 %

BIP stock opened at $30.22 on Friday. The company has a market capitalization of $14.03 billion, a P/E ratio of 755.79 and a beta of 1.10. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50. The firm’s fifty day simple moving average is $31.36 and its 200-day simple moving average is $32.89. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. As a group, equities research analysts forecast that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.69%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. Brookfield Infrastructure Partners’s payout ratio is currently 4,300.00%.

Brookfield Infrastructure Partners Company Profile

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.