Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has been assigned an average recommendation of “Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $47.25.
Several research firms recently weighed in on BIP. Scotiabank reissued an “outperform” rating and issued a $46.75 target price on shares of Brookfield Infrastructure Partners in a research note on Wednesday, March 7th. BMO Capital Markets set a $47.00 target price on shares of Brookfield Infrastructure Partners and gave the company a “buy” rating in a research note on Friday, February 9th. National Bank Financial decreased their target price on shares of Brookfield Infrastructure Partners from $48.00 to $46.50 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Raymond James Financial raised their target price on shares of Brookfield Infrastructure Partners from $48.00 to $51.00 and gave the company an “outperform” rating in a research note on Tuesday, February 13th.
A number of hedge funds have recently added to or reduced their stakes in BIP. Ameriprise Financial Inc. boosted its position in Brookfield Infrastructure Partners by 100.2% during the second quarter. Ameriprise Financial Inc. now owns 18,135 shares of the utilities provider’s stock worth $742,000 after purchasing an additional 9,076 shares during the period. Goldman Sachs Group Inc. bought a new position in Brookfield Infrastructure Partners during the second quarter worth $357,000. Telemus Capital LLC boosted its position in Brookfield Infrastructure Partners by 150.0% during the third quarter. Telemus Capital LLC now owns 25,000 shares of the utilities provider’s stock worth $1,079,000 after purchasing an additional 15,000 shares during the period. Essex Financial Services Inc. bought a new position in Brookfield Infrastructure Partners during the third quarter worth $212,000. Finally, Jarislowsky Fraser Ltd boosted its position in Brookfield Infrastructure Partners by 83.0% during the third quarter. Jarislowsky Fraser Ltd now owns 17,793 shares of the utilities provider’s stock worth $766,000 after purchasing an additional 8,072 shares during the period. 37.20% of the stock is owned by hedge funds and other institutional investors.
Brookfield Infrastructure Partners (BIP) traded down $0.37 during trading hours on Friday, hitting $40.50. 175,981 shares of the company traded hands, compared to its average volume of 408,961. Brookfield Infrastructure Partners has a twelve month low of $36.18 and a twelve month high of $46.88. The company has a quick ratio of 0.23, a current ratio of 0.17 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $15,590.00, a PE ratio of 1,350.00, a PEG ratio of 1.16 and a beta of 0.96.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Friday, February 9th. The utilities provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.46). Brookfield Infrastructure Partners had a net margin of 1.95% and a return on equity of 1.29%. The firm had revenue of $984.00 million during the quarter, compared to the consensus estimate of $942.00 million. research analysts predict that Brookfield Infrastructure Partners will post 3.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.47 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.88 dividend on an annualized basis and a yield of 4.64%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 6,266.67%.
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About Brookfield Infrastructure Partners
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).
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