Brookfield Infrastructure Partners (NYSE:BIP) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Brookfield Infrastructure Partners (NYSE:BIP – Get Rating) (TSE:BIP.UN) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the utilities provider’s stock.

Separately, Raymond James cut their target price on Brookfield Infrastructure Partners from $47.00 to $45.00 and set an outperform rating on the stock in a report on Thursday, January 26th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $45.21.

Brookfield Infrastructure Partners Stock Down 0.5 %

Shares of BIP opened at $32.46 on Thursday. The company has a market capitalization of $14.88 billion, a PE ratio of 237.52 and a beta of 0.88. Brookfield Infrastructure Partners has a 12 month low of $30.03 and a 12 month high of $46.01. The stock’s 50-day moving average price is $34.13 and its two-hundred day moving average price is $35.41. The company has a current ratio of 0.56, a quick ratio of 0.05 and a debt-to-equity ratio of 1.08.

Brookfield Infrastructure Partners (NYSE:BIP – Get Rating) (TSE:BIP.UN) last announced its earnings results on Thursday, February 2nd. The utilities provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.74). The company had revenue of $3.71 billion for the quarter. Brookfield Infrastructure Partners had a return on equity of 1.20% and a net margin of 2.09%. On average, analysts anticipate that Brookfield Infrastructure Partners will post 3.01 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Tuesday, February 28th will be given a $0.382 dividend. The ex-dividend date of this dividend is Monday, February 27th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.36. This represents a $1.53 annualized dividend and a dividend yield of 4.71%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 1,119.57%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Visionary Wealth Advisors raised its position in shares of Brookfield Infrastructure Partners by 58.3% in the 2nd quarter. Visionary Wealth Advisors now owns 15,671 shares of the utilities provider’s stock worth $599,000 after acquiring an additional 5,771 shares in the last quarter. B. Riley Wealth Management Inc. bought a new stake in Brookfield Infrastructure Partners in the 2nd quarter valued at about $290,000. CSS LLC IL increased its position in Brookfield Infrastructure Partners by 31.5% in the 2nd quarter. CSS LLC IL now owns 24,581 shares of the utilities provider’s stock valued at $939,000 after buying an additional 5,893 shares in the last quarter. Fort Sheridan Advisors LLC increased its position in Brookfield Infrastructure Partners by 13.1% in the 3rd quarter. Fort Sheridan Advisors LLC now owns 44,161 shares of the utilities provider’s stock valued at $1,585,000 after buying an additional 5,120 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Brookfield Infrastructure Partners by 9.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 394,196 shares of the utilities provider’s stock valued at $14,211,000 after buying an additional 32,550 shares in the last quarter. 57.81% of the stock is owned by institutional investors.

About Brookfield Infrastructure Partners

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Brookfield Infrastructure Partners LP is an infrastructure company, which engages in the management of diversified portfolio of infrastructure assets that will generate sustainable and growing distributions over the long-term for unit holders. It operates through the following segments: Utilities, Transport, Midstream, Data, and Corporate.