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

Brookfield Infrastructure Partners L.P. (NYSE:BIP - Get Free Report) TSE: BIP.UN has been assigned a consensus recommendation of "Buy" from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $42.50.

A number of research analysts have commented on the company. Raymond James upped their price objective 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 reaffirmed an "outperform" rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 31st. TD Securities boosted their price objective on shares of Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a report on Monday, February 3rd. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research report on Saturday, February 1st. Finally, Scotiabank lifted their price target on shares of Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th.

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Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP traded down $1.37 during mid-day trading on Monday, reaching $28.85. 1,107,060 shares of the company were exchanged, compared to its average volume of 462,467. The stock has a market capitalization of $13.39 billion, a P/E ratio of 721.31 and a beta of 1.10. The company has a quick ratio of 0.72, a current ratio of 0.08 and a debt-to-equity ratio of 1.72. The company's 50-day simple moving average is $32.23 and its 200-day simple moving average is $33.21. Brookfield Infrastructure Partners has a twelve month low of $24.84 and a twelve month high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last issued its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.58. Brookfield Infrastructure Partners had a net margin of 1.64% and a return on equity of 1.17%. As a group, research analysts predict that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. This represents a $1.72 annualized dividend and a dividend yield of 5.96%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently 4,300.00%.

Institutional Inflows and Outflows

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

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.