Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives Average Recommendation of "Buy" from Brokerages

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

Several equities research analysts recently issued reports on BIP shares. Jefferies Financial Group upped their price target on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a "buy" rating in a research report on Monday, September 30th. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Finally, 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 report on Thursday, November 7th.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

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

Brookfield Infrastructure Partners Stock Down 6.4 %

Shares of BIP stock traded down $2.07 during trading hours on Wednesday, hitting $30.42. 540,265 shares of the company were exchanged, compared to its average volume of 425,802. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of -80.05 and a beta of 1.05. Brookfield Infrastructure Partners has a one year low of $24.84 and a one year high of $36.50. The business's 50-day simple moving average is $34.58 and its two-hundred day simple moving average is $32.15. 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 Announces Dividend

The company also recently announced 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. This represents a $1.62 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Friday, November 29th. Brookfield Infrastructure Partners's payout ratio is -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.