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

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has earned a consensus rating of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $40.20.

A number of analysts have recently issued reports on BIP shares. Cibc World Mkts upgraded Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd. TD Securities boosted their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, Jefferies Financial Group boosted their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 30th.

Institutional Trading of Brookfield Infrastructure Partners

Several institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its stake in Brookfield Infrastructure Partners by 2.7% in the third quarter. Principal Financial Group Inc. now owns 23,809,423 shares of the utilities provider’s stock worth $834,282,000 after purchasing an additional 616,373 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Brookfield Infrastructure Partners by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 6,147,654 shares of the utilities provider’s stock valued at $168,680,000 after acquiring an additional 257,587 shares during the period. CCLA Investment Management lifted its stake in shares of Brookfield Infrastructure Partners by 35.0% during the second quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider’s stock valued at $119,180,000 after acquiring an additional 1,125,964 shares during the period. Select Equity Group L.P. lifted its stake in shares of Brookfield Infrastructure Partners by 29.6% during the second quarter. Select Equity Group L.P. now owns 4,202,842 shares of the utilities provider’s stock valued at $115,326,000 after acquiring an additional 960,120 shares during the period. Finally, Toronto Dominion Bank lifted its stake in shares of Brookfield Infrastructure Partners by 24.6% during the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock valued at $140,273,000 after acquiring an additional 790,078 shares during the period. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP opened at $34.75 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. The business’s 50 day moving average is $34.47 and its two-hundred day moving average is $31.59. The company has a market cap of $16.04 billion, a P/E ratio of -91.43 and a beta of 1.06. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50.

Brookfield Infrastructure Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio is -426.32%.

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.