Brookfield Infrastructure Partners L.P. (NYSE:BIP) Receives Consensus Recommendation of “Buy” from Analysts

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $38.44.

BIP has been the subject of a number of analyst reports. National Bank Financial raised shares of Brookfield Infrastructure Partners from a “sector perform overweight” rating to an “outperform overweight” rating and set a $33.00 price objective for the company in a report on Wednesday, October 18th. Wells Fargo & Company cut their target price on Brookfield Infrastructure Partners from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, September 22nd. StockNews.com began coverage on Brookfield Infrastructure Partners in a research report on Thursday, October 5th. They set a “hold” rating for the company. TD Securities cut their price objective on Brookfield Infrastructure Partners from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. Finally, BMO Capital Markets cut their price objective on Brookfield Infrastructure Partners from $42.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, November 3rd.

Brookfield Infrastructure Partners Price Performance

Shares of BIP stock opened at $27.04 on Tuesday. The stock has a fifty day moving average price of $27.25 and a 200 day moving average price of $32.13. The stock has a market cap of $12.40 billion, a P/E ratio of 87.23 and a beta of 0.93. Brookfield Infrastructure Partners has a one year low of $21.03 and a one year high of $38.20.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be given a $0.382 dividend. This represents a $1.53 annualized dividend and a yield of 5.65%. The ex-dividend date is Wednesday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 493.55%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently made changes to their positions in BIP. Horizons Wealth Management bought a new stake in shares of Brookfield Infrastructure Partners during the second quarter worth approximately $29,000. Acadian Asset Management LLC increased its holdings in Brookfield Infrastructure Partners by 8,107.7% in the first quarter. Acadian Asset Management LLC now owns 1,067 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 1,054 shares during the last quarter. Clear Street Markets LLC bought a new stake in Brookfield Infrastructure Partners in the fourth quarter valued at about $38,000. Rational Advisors LLC bought a new stake in Brookfield Infrastructure Partners in the third quarter valued at about $39,000. Finally, Tucker Asset Management LLC bought a new stake in Brookfield Infrastructure Partners in the first quarter valued at about $43,000. Institutional investors own 55.52% 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 60,000 kilometers (km) of operational electricity transmission and distribution lines; 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 7.8 million electricity and natural gas connections; and 540,000 long-term contracted sub-metering services.