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

Brookfield Infrastructure Partners L.P. (NYSE:BIPGet Rating) (TSE:BIP.UN) has been assigned an average rating of “Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $68.86.

Several equities research analysts recently weighed in on BIP shares. BMO Capital Markets lifted their price target on Brookfield Infrastructure Partners from $66.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, March 31st. National Bank Financial lifted their price target on Brookfield Infrastructure Partners from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, February 3rd. Raymond James set a $70.00 price target on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research report on Thursday, May 5th. National Bankshares lifted their price target on Brookfield Infrastructure Partners from $68.00 to $69.00 and gave the company an “outperform” rating in a research report on Friday, May 6th. Finally, TD Securities lifted their price target on Brookfield Infrastructure Partners from $67.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, April 1st.

Shares of NYSE BIP opened at $58.54 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.52 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average is $63.45 and its 200 day moving average is $60.51. The stock has a market cap of $17.87 billion, a price-to-earnings ratio of 40.37 and a beta of 0.79. Brookfield Infrastructure Partners has a 1-year low of $52.44 and a 1-year high of $69.01.

Brookfield Infrastructure Partners shares are scheduled to split before the market opens on Monday, June 13th. The 3-2 split was announced on Wednesday, May 4th. The newly issued shares will be payable to shareholders after the closing bell on Friday, June 10th.

Brookfield Infrastructure Partners (NYSE:BIPGet Rating) (TSE:BIP.UN) last announced its quarterly earnings results on Wednesday, May 4th. The utilities provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.93). Brookfield Infrastructure Partners had a return on equity of 3.40% and a net margin of 6.63%. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the firm earned $0.93 earnings per share. Brookfield Infrastructure Partners’s revenue for the quarter was up 27.1% on a year-over-year basis. On average, analysts forecast that Brookfield Infrastructure Partners will post 4.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Tuesday, May 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.69%. The ex-dividend date is Friday, May 27th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 148.97%.

Institutional investors have recently added to or reduced their stakes in the business. Truist Financial Corp raised its stake in shares of Brookfield Infrastructure Partners by 4.8% in the third quarter. Truist Financial Corp now owns 6,857 shares of the utilities provider’s stock worth $384,000 after purchasing an additional 316 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Brookfield Infrastructure Partners by 27.6% in the third quarter. Advisory Services Network LLC now owns 5,021 shares of the utilities provider’s stock worth $282,000 after purchasing an additional 1,085 shares during the last quarter. Barclays PLC raised its stake in shares of Brookfield Infrastructure Partners by 12.4% in the third quarter. Barclays PLC now owns 38,033 shares of the utilities provider’s stock worth $2,135,000 after purchasing an additional 4,181 shares during the last quarter. Creative Planning raised its stake in shares of Brookfield Infrastructure Partners by 4.8% in the third quarter. Creative Planning now owns 41,291 shares of the utilities provider’s stock worth $2,317,000 after purchasing an additional 1,891 shares during the last quarter. Finally, Formidable Asset Management LLC raised its stake in shares of Brookfield Infrastructure Partners by 5.6% in the third quarter. Formidable Asset Management LLC now owns 14,478 shares of the utilities provider’s stock worth $812,000 after purchasing an additional 762 shares during the last quarter. 53.98% of the stock is currently owned by institutional investors and hedge funds.

About Brookfield Infrastructure Partners (Get Rating)

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 61,000 kilometers (km) of operational electricity transmission and distribution lines; 5,300 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.3 million electricity and natural gas connections; and 360,000 long-term contracted sub-metering services.

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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