Brookfield Infrastructure Partners (NYSE:BIP) Price Target Raised to $53.00

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price objective lifted by TD Securities from $50.00 to $53.00 in a report released on Monday morning, Marketbeat reports. They currently have a buy rating on the utilities provider’s stock.

Several other analysts have also recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 1st. Finally, Raymond James raised their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $42.80.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP opened at $33.03 on Monday. 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 has a market capitalization of $15.33 billion, a PE ratio of 825.83 and a beta of 1.08. The business’s 50-day moving average price is $32.63 and its 200 day moving average price is $33.00. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, topping 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, research analysts predict that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 5.21%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 4,051.01%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several institutional investors and hedge funds have recently modified their holdings of BIP. Cedar Mountain Advisors LLC acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter worth approximately $26,000. Dunhill Financial LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $30,000. Compass Planning Associates Inc acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth $28,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Brookfield Infrastructure Partners in the fourth quarter valued at $32,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter valued at $44,000. Hedge funds and other 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.