Brookfield Infrastructure Partners (NYSE:BIP) Price Target Raised to $53.00 at TD Securities

Brookfield Infrastructure Partners (NYSE:BIP - Free Report) TSE: BIP.UN had its target price boosted by TD Securities from $50.00 to $53.00 in a report issued on Monday morning, Marketbeat Ratings reports. They currently have a buy rating on the utilities provider's stock.

A number of other analysts have also weighed in on BIP. Royal Bank of Canada restated an "outperform" rating and set a $40.00 target price on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. StockNews.com upgraded shares of Brookfield Infrastructure Partners from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Raymond James lifted their target price on Brookfield Infrastructure Partners from $44.00 to $46.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $42.80.

Brookfield Infrastructure Partners Trading Up 0.6 %

BIP stock traded up $0.21 during mid-day trading on Monday, hitting $32.94. 19,772 shares of the company were exchanged, compared to its average volume of 371,678. Brookfield Infrastructure Partners has a 12-month low of $24.84 and a 12-month high of $36.50. The firm has a market capitalization of $15.29 billion, a P/E ratio of 822.83 and a beta of 1.08. The business has a fifty day simple moving average of $32.68 and a 200-day simple moving average of $33.00. 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 (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its 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 research analysts predict that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.22%. 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 dividend payout ratio is currently 4,051.01%.

Institutional Trading of Brookfield Infrastructure Partners

A number of institutional investors have recently added to or reduced their stakes in BIP. Principal Financial Group Inc. raised its position in shares of Brookfield Infrastructure Partners by 12.0% during the 4th quarter. Principal Financial Group Inc. now owns 26,675,618 shares of the utilities provider's stock worth $848,018,000 after purchasing an additional 2,866,195 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Brookfield Infrastructure Partners by 24.6% in the third quarter. Toronto Dominion Bank now owns 4,003,231 shares of the utilities provider's stock worth $140,273,000 after acquiring an additional 790,078 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Brookfield Infrastructure Partners by 5.4% in the third quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider's stock valued at $89,362,000 after acquiring an additional 130,371 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 101.0% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,587,548 shares of the utilities provider's stock valued at $55,783,000 after acquiring an additional 797,649 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its holdings in Brookfield Infrastructure Partners by 1.7% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,225,263 shares of the utilities provider's stock valued at $42,933,000 after purchasing an additional 20,610 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company's stock.

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.