Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives $39.11 Average Price Target from Brokerages

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIPGet Free Report) (TSE:BIP.UN) have received an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.11.

Several brokerages have recently issued reports on BIP. TD Securities lowered their price objective on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Jefferies Financial Group initiated coverage on shares of Brookfield Infrastructure Partners in a research report on Tuesday, February 27th. They issued a “buy” rating for the company. Raymond James raised their target price on shares of Brookfield Infrastructure Partners from $40.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. National Bankshares downgraded shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 target price for the company. in a research report on Tuesday, January 30th. Finally, BMO Capital Markets raised their target price on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, January 10th.

Read Our Latest Analysis on Brookfield Infrastructure Partners

Brookfield Infrastructure Partners Stock Down 5.2 %

Shares of NYSE:BIP opened at $25.84 on Friday. The company has a 50 day moving average price of $29.79 and a two-hundred day moving average price of $28.76. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.64 and a current ratio of 0.68. Brookfield Infrastructure Partners has a 52 week low of $21.03 and a 52 week high of $37.32. The company has a market capitalization of $11.92 billion, a PE ratio of 184.58 and a beta of 0.95.

Brookfield Infrastructure Partners (NYSE:BIPGet Free Report) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.99). Brookfield Infrastructure Partners had a return on equity of 0.79% and a net margin of 1.34%. The company had revenue of $4.97 billion for the quarter. Analysts forecast that Brookfield Infrastructure Partners will post 3.32 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a $0.405 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a yield of 6.27%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 1,157.23%.

Institutional Trading of Brookfield Infrastructure Partners

Hedge funds have recently modified their holdings of the stock. Dixon Mitchell Investment Counsel Inc. lifted its stake in shares of Brookfield Infrastructure Partners by 71.2% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 765,686 shares of the utilities provider’s stock worth $24,266,000 after buying an additional 318,398 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Brookfield Infrastructure Partners by 1.1% during the 3rd quarter. CIBC Asset Management Inc now owns 5,569,701 shares of the utilities provider’s stock worth $163,953,000 after buying an additional 60,510 shares during the last quarter. Nexus Investment Management ULC lifted its stake in shares of Brookfield Infrastructure Partners by 8.2% during the 4th quarter. Nexus Investment Management ULC now owns 1,119,440 shares of the utilities provider’s stock worth $35,393,000 after buying an additional 84,749 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Brookfield Infrastructure Partners by 9.3% during the 3rd quarter. Raymond James & Associates now owns 538,703 shares of the utilities provider’s stock worth $15,838,000 after buying an additional 45,880 shares during the last quarter. Finally, CI Investments Inc. lifted its stake in shares of Brookfield Infrastructure Partners by 0.7% during the 3rd quarter. CI Investments Inc. now owns 2,401,781 shares of the utilities provider’s stock worth $70,612,000 after buying an additional 17,569 shares during the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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