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

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two 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 ratings on the stock in the last year is $40.20.

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

Brookfield Infrastructure Partners Stock Down 3.6 %

Shares of BIP opened at $31.57 on Friday. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of -83.08 and a beta of 1.07. Brookfield Infrastructure Partners has a 52 week low of $24.84 and a 52 week high of $36.50. The stock’s 50-day moving average price is $33.46 and its 200-day moving average price is $32.57. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a $0.405 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 5.13%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -426.32%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of large investors have recently modified their holdings of BIP. Cedar Mountain Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at about $26,000. Dunhill Financial LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $30,000. Truvestments Capital LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $77,000. Wilmington Savings Fund Society FSB purchased a new position in Brookfield Infrastructure Partners during the third quarter worth approximately $101,000. Finally, Eastern Bank acquired a new position in Brookfield Infrastructure Partners during the third quarter worth $158,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

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.