Brookfield Infrastructure Partners' (BIP) "Outperform" Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Brookfield Infrastructure Partners (NYSE:BIP - Free Report) TSE: BIP.UN in a report published on Tuesday morning, MarketBeat Ratings reports. Royal Bank of Canada currently has a $40.00 price target on the utilities provider's stock.

Other research analysts also recently issued research reports about the stock. Raymond James raised their target price on shares of Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 30th. StockNews.com upgraded Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a report on Saturday, February 1st. TD Securities lifted their target price on Brookfield Infrastructure Partners from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Scotiabank increased their price target on Brookfield Infrastructure Partners from $38.00 to $41.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Brookfield Infrastructure Partners has a consensus rating of "Buy" and a consensus target price of $42.50.

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Brookfield Infrastructure Partners Trading Down 2.2 %

Brookfield Infrastructure Partners stock traded down $0.66 during mid-day trading on Tuesday, hitting $29.70. 534,523 shares of the company's stock were exchanged, compared to its average volume of 419,783. The company's 50 day simple moving average is $31.33 and its 200-day simple moving average is $32.87. 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 firm has a market capitalization of $13.79 billion, a P/E ratio of 742.74 and a beta of 1.10. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share for the quarter, beating 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%. On average, equities analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.43 dividend. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Infrastructure Partners's previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 5.79%. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is currently 4,300.00%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in BIP. Triasima Portfolio Management inc. grew its stake in shares of Brookfield Infrastructure Partners by 1.1% in the fourth quarter. Triasima Portfolio Management inc. now owns 33,330 shares of the utilities provider's stock worth $1,059,000 after purchasing an additional 350 shares during the last quarter. MGO One Seven LLC increased its stake in shares of Brookfield Infrastructure Partners by 5.5% in the fourth quarter. MGO One Seven LLC now owns 7,105 shares of the utilities provider's stock valued at $226,000 after buying an additional 372 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Brookfield Infrastructure Partners by 8.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,096 shares of the utilities provider's stock worth $257,000 after acquiring an additional 602 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in shares of Brookfield Infrastructure Partners by 6.1% in the fourth quarter. Belpointe Asset Management LLC now owns 11,231 shares of the utilities provider's stock worth $361,000 after acquiring an additional 647 shares during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in Brookfield Infrastructure Partners by 11.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 7,119 shares of the utilities provider's stock valued at $226,000 after acquiring an additional 707 shares during the last quarter. 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.