Brookfield Infrastructure Partners (NYSE:BIP) Given “In-Line” Rating at BMO Capital Markets

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BMO Capital Markets restated their in-line rating on shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) in a research report released on Tuesday, The Fly reports. They currently have a $60.00 price target on the utilities provider’s stock.

BIP has been the topic of several other research reports. ValuEngine cut shares of Brookfield Infrastructure Partners from a hold rating to a sell rating in a research note on Friday, January 3rd. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a sell rating to a hold rating in a research note on Monday, January 6th. Bank of America assumed coverage on shares of Brookfield Infrastructure Partners in a research report on Wednesday, December 18th. They set a buy rating and a $58.00 price target on the stock. Raymond James upped their price target on shares of Brookfield Infrastructure Partners from $52.00 to $60.00 and gave the company an outperform rating in a research report on Friday, December 27th. Finally, TD Securities upped their price target on shares of Brookfield Infrastructure Partners from $55.00 to $58.00 and gave the company a buy rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $54.09.

Shares of Brookfield Infrastructure Partners stock opened at $55.45 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. Brookfield Infrastructure Partners has a twelve month low of $39.51 and a twelve month high of $55.70. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 792.26, a P/E/G ratio of 1.48 and a beta of 0.80. The company’s fifty day moving average is $52.73 and its 200 day moving average is $49.66.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Monday, February 10th. The utilities provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.91). Brookfield Infrastructure Partners had a return on equity of 1.57% and a net margin of 3.64%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, equities analysts anticipate that Brookfield Infrastructure Partners will post 3.72 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.538 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $2.15 dividend on an annualized basis and a yield of 3.88%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.50. Brookfield Infrastructure Partners’s dividend payout ratio is 2,871.43%.

Institutional investors and hedge funds have recently modified their holdings of the business. NEXT Financial Group Inc boosted its position in shares of Brookfield Infrastructure Partners by 245.1% during the 4th quarter. NEXT Financial Group Inc now owns 528 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 375 shares in the last quarter. Cutler Group LP boosted its position in shares of Brookfield Infrastructure Partners by 107.3% during the 4th quarter. Cutler Group LP now owns 657 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 340 shares in the last quarter. HBC Financial Services PLLC bought a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth about $43,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Brookfield Infrastructure Partners by 24.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,120 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 220 shares in the last quarter. Finally, Price Capital Management Inc. bought a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth about $64,000. 50.24% of the stock is currently owned by institutional investors and hedge funds.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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