Brokerages Set Brookfield Infrastructure Partners L.P. (NYSE:BIP) Price Target at $40.20

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Get Free Report) TSE: BIP.UN have been given an average rating of "Buy" by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $40.20.

BIP has been the topic of a number of recent research reports. Cibc World Mkts raised shares of Brookfield Infrastructure Partners to a "strong-buy" rating in a report on Friday, August 2nd. TD Securities increased their target price on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Finally, Jefferies Financial Group increased their price objective on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a "buy" rating in a research report on Monday, September 30th.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of institutional investors have recently added to or reduced their stakes in BIP. Cedar Mountain Advisors LLC acquired a new stake in Brookfield Infrastructure Partners during the third quarter valued at approximately $26,000. Dunhill Financial LLC bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter valued at approximately $30,000. Clear Point Advisors Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the first quarter valued at approximately $33,000. Bank & Trust Co acquired a new position in shares of Brookfield Infrastructure Partners during the second quarter worth approximately $31,000. Finally, Park Place Capital Corp bought a new position in Brookfield Infrastructure Partners in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Down 0.3 %

Shares of Brookfield Infrastructure Partners stock traded down $0.12 during trading hours on Friday, hitting $34.74. The company had a trading volume of 237,556 shares, compared to its average volume of 352,422. 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 company's 50-day moving average is $34.50 and its two-hundred day moving average is $31.62. The company has a market cap of $16.04 billion, a P/E ratio of -91.43 and a beta of 1.06. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is presently -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.