Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives Consensus Rating of “Buy” from Brokerages

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $39.50.

Several brokerages recently commented on BIP. Jefferies Financial Group raised their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Sunday, September 15th. Finally, Cibc World Mkts upgraded Brookfield Infrastructure Partners to a “strong-buy” rating in a research note on Friday, August 2nd.

Brookfield Infrastructure Partners Trading Down 0.7 %

Shares of BIP stock opened at $35.46 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.58. Brookfield Infrastructure Partners has a 1 year low of $21.03 and a 1 year high of $36.50. The firm’s fifty day simple moving average is $33.55 and its 200 day simple moving average is $30.65. The firm has a market capitalization of $16.45 billion, a P/E ratio of 114.39 and a beta of 1.06.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.80). The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $1.91 billion. Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. During the same quarter in the previous year, the business posted $0.72 EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, sell-side analysts predict that Brookfield Infrastructure Partners will post 3.15 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Infrastructure Partners’s payout ratio is currently 522.58%.

Institutional Trading of Brookfield Infrastructure Partners

Large investors have recently made changes to their positions in the business. Cedar Mountain Advisors LLC acquired a new position in Brookfield Infrastructure Partners during the 3rd quarter worth about $26,000. Bank & Trust Co bought a new stake in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $31,000. Clear Point Advisors Inc. acquired a new stake in shares of Brookfield Infrastructure Partners in the first quarter valued at approximately $33,000. Park Place Capital Corp bought a new position in Brookfield Infrastructure Partners in the 2nd quarter worth approximately $41,000. Finally, Asset Dedication LLC acquired a new position in Brookfield Infrastructure Partners during the 2nd quarter worth $46,000. Institutional investors own 57.92% of the company’s stock.

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.