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

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has been given an average recommendation of “Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $40.20.

Several analysts recently issued reports on the stock. TD Securities upped their price target on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group upped their target price on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Institutional investors have recently modified their holdings of the business. Raymond James & Associates boosted its stake in Brookfield Infrastructure Partners by 2.2% in the second quarter. Raymond James & Associates now owns 573,801 shares of the utilities provider’s stock valued at $15,745,000 after acquiring an additional 12,207 shares during the period. Tranquility Partners LLC grew its stake in Brookfield Infrastructure Partners by 15.8% during the 2nd quarter. Tranquility Partners LLC now owns 79,167 shares of the utilities provider’s stock worth $2,172,000 after buying an additional 10,806 shares during the last quarter. Harbor Advisory Corp MA grew its stake in Brookfield Infrastructure Partners by 0.5% during the 2nd quarter. Harbor Advisory Corp MA now owns 253,135 shares of the utilities provider’s stock worth $6,946,000 after buying an additional 1,142 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its position in Brookfield Infrastructure Partners by 0.7% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 417,307 shares of the utilities provider’s stock worth $11,451,000 after buying an additional 3,090 shares during the period. Finally, Financial Advocates Investment Management lifted its stake in Brookfield Infrastructure Partners by 6.0% in the second quarter. Financial Advocates Investment Management now owns 10,389 shares of the utilities provider’s stock valued at $285,000 after buying an additional 590 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $31.36 on Wednesday. The firm has a market cap of $14.48 billion, a price-to-earnings ratio of -82.53 and a beta of 1.05. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. The business’s 50 day moving average is $34.41 and its two-hundred day moving average is $32.15. Brookfield Infrastructure Partners has a 52-week low of $24.84 and a 52-week high of $36.50.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.17%. Brookfield Infrastructure Partners’s payout ratio is currently -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.