Brookfield Infrastructure Partners (NYSE:BIP) Earns “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a $40.00 target price on the utilities provider’s stock.

Other research analysts also recently issued reports about the company. TD Securities raised their price target on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Scotiabank upped their price target on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Finally, Raymond James increased their price objective on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Brookfield Infrastructure Partners currently has a consensus rating of “Buy” and an average target price of $42.50.

Brookfield Infrastructure Partners Price Performance

BIP opened at $30.14 on Tuesday. The company has a fifty day simple moving average of $31.40 and a 200 day simple moving average of $32.93. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. The stock has a market cap of $13.99 billion, a P/E ratio of 753.69 and a beta of 1.10. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. On average, research analysts expect that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.71%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 4,300.00%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triasima Portfolio Management inc. raised its holdings in shares of Brookfield Infrastructure Partners by 1.1% during the 4th quarter. Triasima Portfolio Management inc. now owns 33,330 shares of the utilities provider’s stock worth $1,059,000 after buying an additional 350 shares in the last quarter. MGO One Seven LLC grew its position in Brookfield Infrastructure Partners by 5.5% in the fourth quarter. MGO One Seven LLC now owns 7,105 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 372 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in Brookfield Infrastructure Partners by 8.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,096 shares of the utilities provider’s stock worth $257,000 after acquiring an additional 602 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Brookfield Infrastructure Partners by 6.1% in the fourth quarter. Belpointe Asset Management LLC now owns 11,231 shares of the utilities provider’s stock worth $361,000 after acquiring an additional 647 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Brookfield Infrastructure Partners by 11.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 7,119 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 707 shares in the last quarter. 57.92% of the stock is currently owned by institutional investors.

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.