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

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $40.20.

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

Brookfield Infrastructure Partners Stock Performance

NYSE:BIP opened at $30.90 on Friday. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of -81.32 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. Brookfield Infrastructure Partners has a 1-year low of $24.84 and a 1-year high of $36.50. The firm’s fifty day moving average price is $33.21 and its 200 day moving average price is $32.67.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a $0.405 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 5.24%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -426.32%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several institutional investors have recently modified their holdings of BIP. Creative Planning raised its holdings in Brookfield Infrastructure Partners by 0.6% during the third quarter. Creative Planning now owns 67,445 shares of the utilities provider’s stock worth $2,363,000 after purchasing an additional 389 shares during the last quarter. Insight Folios Inc raised its stake in shares of Brookfield Infrastructure Partners by 3.2% during the 3rd quarter. Insight Folios Inc now owns 16,741 shares of the utilities provider’s stock worth $587,000 after buying an additional 525 shares during the last quarter. EP Wealth Advisors LLC boosted its position in shares of Brookfield Infrastructure Partners by 3.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 18,068 shares of the utilities provider’s stock worth $496,000 after buying an additional 591 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at about $26,000. Finally, Tacita Capital Inc increased its holdings in Brookfield Infrastructure Partners by 0.6% during the 3rd quarter. Tacita Capital Inc now owns 147,208 shares of the utilities provider’s stock valued at $5,173,000 after acquiring an additional 837 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.

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.