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

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have earned an average recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $42.50.

Several brokerages have weighed in on BIP. TD Securities boosted their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. Raymond James lifted their price target on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a “strong-buy” rating in a report on Thursday, January 30th. Scotiabank increased their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Promus Capital LLC acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth $26,000. Compass Planning Associates Inc purchased a new position in Brookfield Infrastructure Partners in the 4th quarter valued at about $28,000. Larson Financial Group LLC acquired a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $30,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $32,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth about $44,000. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock opened at $28.08 on Tuesday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.08. Brookfield Infrastructure Partners has a fifty-two week low of $25.72 and a fifty-two week high of $36.50. The stock has a fifty day moving average of $29.80 and a two-hundred day moving average of $32.21. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 702.18 and a beta of 1.04.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. On average, analysts anticipate that Brookfield Infrastructure Partners will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.43 dividend. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 6.13%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 4,300.00%.

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.