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

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

Several equities research analysts have weighed in on the stock. TD Securities lifted their price target on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Jefferies Financial Group boosted 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, Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP increased its stake in Brookfield Infrastructure Partners by 197.9% in the 3rd quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider’s stock worth $2,521,000 after purchasing an additional 47,792 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Brookfield Infrastructure Partners by 137.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 564,621 shares of the utilities provider’s stock valued at $19,784,000 after buying an additional 327,143 shares during the last quarter. Coronation Fund Managers Ltd. raised its holdings in Brookfield Infrastructure Partners by 52.9% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 148,416 shares of the utilities provider’s stock valued at $4,073,000 after buying an additional 51,378 shares during the last quarter. Inspire Investing LLC purchased a new stake in Brookfield Infrastructure Partners during the 3rd quarter valued at $894,000. Finally, Value Partners Investments Inc. purchased a new position in shares of Brookfield Infrastructure Partners in the third quarter valued at about $596,000. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE:BIP opened at $35.35 on Friday. The firm’s fifty day moving average is $34.57 and its 200-day moving average is $31.70. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 4.58%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently -426.32%.

About Brookfield Infrastructure Partners

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.