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

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has been given an average recommendation of “Buy” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $41.67.

A number of equities analysts recently commented on BIP shares. Scotiabank lifted their price target on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Citigroup cut their price objective on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, March 25th.

Brookfield Infrastructure Partners Price Performance

Shares of BIP opened at $33.31 on Wednesday. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The company’s fifty day simple moving average is $30.80 and its 200 day simple moving average is $31.52. Brookfield Infrastructure Partners has a 1-year low of $25.72 and a 1-year high of $36.50. The company has a market cap of $15.47 billion, a price-to-earnings ratio of 832.96 and a beta of 1.09.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $2 billion. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. During the same quarter last year, the firm posted $0.78 EPS. On average, research analysts forecast that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, May 30th. This represents a $1.72 annualized dividend and a yield of 5.16%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -8,600.00%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of institutional investors have recently made changes to their positions in the company. Promus Capital LLC bought a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth approximately $26,000. Compass Planning Associates Inc acquired a new position in Brookfield Infrastructure Partners in the 4th quarter valued at $28,000. Larson Financial Group LLC bought a new position in Brookfield Infrastructure Partners during the 4th quarter worth $30,000. Wingate Wealth Advisors Inc. bought a new position in Brookfield Infrastructure Partners during the 4th quarter worth $32,000. Finally, North Capital Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth $35,000. Institutional investors own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

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.