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

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have been assigned an average rating of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $40.20.

Several research firms recently commented on BIP. Jefferies Financial Group boosted their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, TD Securities lifted their target price on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Brookfield Infrastructure Partners Trading Up 1.2 %

NYSE:BIP opened at $31.36 on Wednesday. Brookfield Infrastructure Partners has a one year low of $24.84 and a one year high of $36.50. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. The company’s 50-day simple moving average is $34.41 and its 200 day simple moving average is $32.19. The firm has a market capitalization of $14.48 billion, a P/E ratio of -82.53 and a beta of 1.05.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.405 per share. The ex-dividend date is Friday, November 29th. This represents a $1.62 annualized dividend and a dividend yield of 5.17%. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Citigroup Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 159.5% during the third quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider’s stock valued at $6,147,000 after purchasing an additional 107,821 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Brookfield Infrastructure Partners by 197.9% during the third quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider’s stock valued at $2,521,000 after purchasing an additional 47,792 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Brookfield Infrastructure Partners by 5.4% during the third quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock valued at $89,362,000 after purchasing an additional 130,371 shares during the last quarter. FMR LLC grew its position in Brookfield Infrastructure Partners by 87.1% during the third quarter. FMR LLC now owns 24,090 shares of the utilities provider’s stock valued at $844,000 after buying an additional 11,217 shares during the period. Finally, Northwest & Ethical Investments L.P. bought a new stake in Brookfield Infrastructure Partners during the third quarter valued at approximately $2,566,000. 57.92% of the stock is owned by hedge funds and other institutional investors.

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.