Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives $40.20 Average Price Target from Brokerages

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

Several analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Monday, September 30th. TD Securities increased their target price on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Cibc World Mkts raised Brookfield Infrastructure Partners to a “strong-buy” rating in a research note on Friday, August 2nd.

Institutional Trading of Brookfield Infrastructure Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $26,000. Dunhill Financial LLC acquired a new position in Brookfield Infrastructure Partners in the third quarter worth $30,000. Bank & Trust Co bought a new stake in Brookfield Infrastructure Partners during the second quarter valued at $31,000. Clear Point Advisors Inc. acquired a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth $33,000. Finally, Park Place Capital Corp bought a new position in shares of Brookfield Infrastructure Partners in the 2nd quarter worth about $41,000. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $35.30 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The company’s 50-day moving average price is $34.50 and its 200 day moving average price is $31.64. Brookfield Infrastructure Partners has a 52 week low of $24.84 and a 52 week high of $36.50. The stock has a market cap of $16.30 billion, a price-to-earnings ratio of -92.00 and a beta of 1.06.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

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.