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

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has been given an average rating of “Buy” by the seven research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $40.20.

BIP has been the topic of several recent research reports. TD Securities increased their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $32.49 on Wednesday. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50. The company has a market cap of $15.00 billion, a PE ratio of -85.50 and a beta of 1.05. The business’s 50 day moving average price is $34.60 and its two-hundred day moving average price is $32.13. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio is presently -426.32%.

Institutional Trading of Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners during the third quarter valued at about $26,000. Dunhill Financial LLC acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter valued at about $30,000. Asset Dedication LLC bought a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $46,000. Truvestments Capital LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter worth approximately $77,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $101,000. 57.92% of the stock is owned by institutional investors.

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.