Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $38.20.

BIP has been the topic of several analyst reports. BMO Capital Markets cut their price target on shares of Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. National Bankshares lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 price objective on the stock. in a report on Tuesday, January 30th. StockNews.com lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Friday. TD Securities dropped their price objective on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Finally, Raymond James boosted their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd.

Brookfield Infrastructure Partners Trading Up 3.2 %

NYSE BIP opened at $30.21 on Tuesday. The firm’s fifty day simple moving average is $28.58 and its two-hundred day simple moving average is $28.78. Brookfield Infrastructure Partners has a 12-month low of $21.03 and a 12-month high of $37.32. The firm has a market capitalization of $13.94 billion, a P/E ratio of 97.45 and a beta of 0.99.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a $0.405 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.62 annualized dividend and a dividend yield of 5.36%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 522.58%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several large investors have recently made changes to their positions in BIP. Cullen Frost Bankers Inc. acquired a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $30,000. Heritage Wealth Advisors acquired a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at $31,000. WFA Asset Management Corp grew its position in shares of Brookfield Infrastructure Partners by 197.1% in the 1st quarter. WFA Asset Management Corp now owns 1,141 shares of the utilities provider’s stock valued at $36,000 after buying an additional 757 shares during the last quarter. Rational Advisors LLC purchased a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at $39,000. Finally, Bromfield Sneider Wealth Advisors purchased a new position in shares of Brookfield Infrastructure Partners in the 1st quarter valued at $39,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

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.