Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives $40.20 Consensus PT from Brokerages

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

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

Brookfield Infrastructure Partners Stock Performance

NYSE BIP opened at $31.41 on Friday. The company’s 50 day simple moving average is $33.35 and its two-hundred day simple moving average is $32.69. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. Brookfield Infrastructure Partners has a 1 year low of $24.84 and a 1 year high of $36.50. The stock has a market capitalization of $14.58 billion, a PE ratio of -82.66 and a beta of 1.07.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.405 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.16%. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of large investors have recently added to or reduced their stakes in BIP. Envestnet Asset Management Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 73,734 shares of the utilities provider’s stock worth $2,023,000 after purchasing an additional 1,612 shares during the last quarter. Wulff Hansen & CO. increased its position in shares of Brookfield Infrastructure Partners by 2,562.9% in the second quarter. Wulff Hansen & CO. now owns 1,615,448 shares of the utilities provider’s stock valued at $44,328,000 after acquiring an additional 1,554,782 shares during the period. CCLA Investment Management boosted its holdings in shares of Brookfield Infrastructure Partners by 35.0% during the second quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider’s stock worth $119,180,000 after purchasing an additional 1,125,964 shares during the period. MRP Capital Investments LLC grew its stake in shares of Brookfield Infrastructure Partners by 34.8% in the second quarter. MRP Capital Investments LLC now owns 15,700 shares of the utilities provider’s stock worth $431,000 after purchasing an additional 4,050 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Brookfield Infrastructure Partners by 4.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 43,600 shares of the utilities provider’s stock valued at $1,197,000 after purchasing an additional 1,700 shares during the period. Hedge funds and other institutional investors own 57.92% of the company’s stock.

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.