Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives $40.20 Consensus PT from 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 stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $40.20.

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

Brookfield Infrastructure Partners Stock Performance

Shares of BIP stock opened at $31.36 on Wednesday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of -82.53 and a beta of 1.05. Brookfield Infrastructure Partners has a one year low of $24.84 and a one year high of $36.50. The company has a 50 day moving average price of $34.41 and a 200 day moving average price of $32.15.

Brookfield Infrastructure Partners Dividend Announcement

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

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several hedge funds have recently modified their holdings of the stock. Citigroup Inc. boosted its holdings in Brookfield Infrastructure Partners by 159.5% in the 3rd quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider’s stock worth $6,147,000 after acquiring an additional 107,821 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Brookfield Infrastructure Partners by 197.9% in 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 period. National Bank of Canada FI grew its holdings in Brookfield Infrastructure Partners by 5.4% during the 3rd 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 in the last quarter. FMR LLC increased its stake in Brookfield Infrastructure Partners by 87.1% during the 3rd quarter. FMR LLC now owns 24,090 shares of the utilities provider’s stock worth $844,000 after buying an additional 11,217 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new position in Brookfield Infrastructure Partners in the 3rd quarter worth $2,566,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

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.