Brookfield Infrastructure Partners L.P. (NYSE:BIP) Given Consensus Recommendation of "Buy" by Analysts

Brookfield Infrastructure Partners L.P. (NYSE:BIP - Get Free Report) TSE: BIP.UN has been given a consensus rating of "Buy" by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $42.50.

Several brokerages recently issued reports on BIP. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. Raymond James raised their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a report on Thursday, January 30th. Royal Bank of Canada restated an "outperform" rating and issued a $40.00 price target on shares of Brookfield Infrastructure Partners in a report on Tuesday, March 25th. Scotiabank lifted their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, TD Securities upped their target price on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research note on Monday, February 3rd.

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Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Promus Capital LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at about $26,000. Compass Planning Associates Inc bought a new stake in Brookfield Infrastructure Partners in the fourth quarter valued at about $28,000. Dunhill Financial LLC acquired a new stake in Brookfield Infrastructure Partners during the third quarter valued at approximately $30,000. Larson Financial Group LLC bought a new position in Brookfield Infrastructure Partners during the 4th quarter worth approximately $30,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the 4th quarter worth approximately $32,000. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Trading Up 0.3 %

Shares of NYSE BIP traded up $0.09 during midday trading on Friday, hitting $29.80. The stock had a trading volume of 474,693 shares, compared to its average volume of 420,001. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. Brookfield Infrastructure Partners has a 1-year low of $24.84 and a 1-year high of $36.50. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 745.21 and a beta of 1.10. The company has a fifty day moving average price of $31.30 and a 200 day moving average price of $32.87.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last announced its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. On average, analysts predict that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. Brookfield Infrastructure Partners's payout ratio is 4,300.00%.

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.