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

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP - Get Free Report) TSE: BIP.UN have received a consensus recommendation of "Buy" from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two investment 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 target price among analysts that have issued ratings on the stock in the last year is $40.20.

BIP has been the topic of several recent analyst reports. StockNews.com raised Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, November 16th. Jefferies Financial Group raised their target price 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. Finally, TD Securities upped their price target on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 7th.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wulff Hansen & CO. boosted its stake in shares of Brookfield Infrastructure Partners by 2,562.9% in the second quarter. Wulff Hansen & CO. now owns 1,615,448 shares of the utilities provider's stock valued at $44,328,000 after buying an additional 1,554,782 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $410,650,000. Intact Investment Management Inc. acquired a new position in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $40,286,000. CCLA Investment Management lifted its stake in shares of Brookfield Infrastructure Partners by 35.0% in the second quarter. CCLA Investment Management now owns 4,341,905 shares of the utilities provider's stock valued at $119,180,000 after purchasing an additional 1,125,964 shares during the period. Finally, Pathway Financial Advisers LLC lifted its stake in shares of Brookfield Infrastructure Partners by 1,616.3% in the third quarter. Pathway Financial Advisers LLC now owns 1,079,521 shares of the utilities provider's stock valued at $37,826,000 after purchasing an additional 1,016,623 shares during the period. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Stock Down 3.6 %

Shares of BIP traded down $1.17 during midday trading on Friday, hitting $31.57. The company had a trading volume of 356,830 shares, compared to its average volume of 350,655. Brookfield Infrastructure Partners has a 1 year low of $24.84 and a 1 year high of $36.50. The firm has a market capitalization of $14.65 billion, a P/E ratio of -83.08 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. The company's 50-day simple moving average is $33.46 and its 200-day simple moving average is $32.60.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 5.13%. The ex-dividend date was Friday, November 29th. Brookfield Infrastructure Partners's dividend payout ratio 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.