TD Securities cut shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) from a buy rating to a hold rating in a report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has $57.00 price objective on the utilities provider’s stock, down from their prior price objective of $58.00. The analysts noted that the move was a valuation call.
Several other research firms have also commented on BIP. ValuEngine lowered shares of Brookfield Infrastructure Partners from a hold rating to a sell rating in a research report on Friday, January 3rd. CIBC reaffirmed a buy rating and issued a $53.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday, December 17th. Bank of America initiated coverage on shares of Brookfield Infrastructure Partners in a research report on Wednesday, December 18th. They issued a buy rating and a $58.00 price objective for the company. BMO Capital Markets reaffirmed an in-line rating and issued a $60.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday. Finally, Raymond James increased their price objective on shares of Brookfield Infrastructure Partners from $52.00 to $60.00 and gave the company an outperform rating in a research report on Friday, December 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $54.09.
BIP stock opened at $55.45 on Tuesday. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 789.86, a PEG ratio of 1.51 and a beta of 0.79. The firm has a 50-day simple moving average of $52.73 and a two-hundred day simple moving average of $49.66. Brookfield Infrastructure Partners has a one year low of $39.51 and a one year high of $55.70. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.45 and a current ratio of 0.39.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Monday, February 10th. The utilities provider reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.91). The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Brookfield Infrastructure Partners had a net margin of 3.64% and a return on equity of 1.43%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, equities analysts predict that Brookfield Infrastructure Partners will post 3.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 28th will be given a $0.538 dividend. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.50. This represents a $2.15 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Thursday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 2,871.43%.
Large investors have recently modified their holdings of the stock. NEXT Financial Group Inc increased its holdings in Brookfield Infrastructure Partners by 245.1% in the 4th quarter. NEXT Financial Group Inc now owns 528 shares of the utilities provider’s stock worth $26,000 after buying an additional 375 shares during the period. Cutler Group LP increased its holdings in Brookfield Infrastructure Partners by 107.3% in the 4th quarter. Cutler Group LP now owns 657 shares of the utilities provider’s stock worth $32,000 after buying an additional 340 shares during the period. HBC Financial Services PLLC acquired a new position in Brookfield Infrastructure Partners in the 4th quarter worth approximately $43,000. Northwestern Mutual Wealth Management Co. increased its holdings in Brookfield Infrastructure Partners by 24.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,120 shares of the utilities provider’s stock worth $56,000 after buying an additional 220 shares during the period. Finally, Price Capital Management Inc. acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter worth approximately $64,000. Institutional investors own 50.24% of the company’s stock.
Brookfield Infrastructure Partners Company Profile
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.
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