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

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have been given a consensus recommendation of “Buy” by the seven analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $40.20.

BIP has been the subject of several research analyst reports. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. 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 report on Monday, September 30th. Finally, TD Securities lifted 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.

Institutional Trading of Brookfield Infrastructure Partners

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

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $32.00 on Wednesday. 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 has a 52-week low of $24.84 and a 52-week high of $36.50. The company has a 50-day simple moving average of $34.36 and a 200-day simple moving average of $32.21. The company has a market capitalization of $14.78 billion, a PE ratio of -84.21 and a beta of 1.05.

Brookfield Infrastructure Partners Announces Dividend

The firm 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 $0.405 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 annualized dividend and a yield of 5.06%. Brookfield Infrastructure Partners’s payout ratio is currently -426.32%.

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.