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

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

A number of equities analysts recently weighed in on BIP shares. Jefferies Financial Group upped their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, September 30th. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. 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. Finally, Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners to a “strong-buy” rating in a research report on Friday, August 2nd.

Brookfield Infrastructure Partners Trading Up 0.1 %

Shares of Brookfield Infrastructure Partners stock opened at $34.98 on Friday. The firm has a 50-day simple moving average of $34.69 and a two-hundred day simple moving average of $31.78. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The company has a market cap of $16.15 billion, a P/E ratio of -92.04 and a beta of 1.06.

Brookfield Infrastructure Partners Announces Dividend

The business 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 is Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 4.63%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently -426.32%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter worth $101,000. Toronto Dominion Bank grew its holdings in shares of Brookfield Infrastructure Partners by 24.6% in the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider’s stock valued at $140,273,000 after purchasing an additional 790,078 shares during the period. Empire Financial Management Company LLC increased its position in Brookfield Infrastructure Partners by 46.8% during the third quarter. Empire Financial Management Company LLC now owns 34,719 shares of the utilities provider’s stock worth $1,217,000 after purchasing an additional 11,069 shares during the last quarter. Dunhill Financial LLC purchased a new position in Brookfield Infrastructure Partners during the third quarter worth about $30,000. Finally, National Bank of Canada FI raised its stake in Brookfield Infrastructure Partners by 5.4% during the third quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock worth $89,362,000 after purchasing an additional 130,371 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.