Brookfield Infrastructure Partners L.P. (NYSE:BIP) Given Average Rating of “Buy” by Brokerages

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have been assigned an average recommendation of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $40.20.

BIP has been the topic of several recent research reports. TD Securities boosted their price target on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, Jefferies Financial Group lifted their price target on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cedar Mountain Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners during the third quarter worth about $26,000. Dunhill Financial LLC acquired a new stake in Brookfield Infrastructure Partners during the third quarter valued at approximately $30,000. Asset Dedication LLC bought a new position in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $46,000. Truvestments Capital LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter worth approximately $77,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at approximately $101,000. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Down 0.1 %

Shares of BIP opened at $32.00 on Wednesday. Brookfield Infrastructure Partners has a 12 month low of $24.84 and a 12 month high of $36.50. The stock’s 50-day moving average is $34.36 and its two-hundred day moving average is $32.21. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.72. The stock has a market cap of $14.78 billion, a PE ratio of -84.21 and a beta of 1.05.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 5.06%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) 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.