Brookfield Infrastructure Partners L.P. (NYSE:BIP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $39.11.

BIP has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Brookfield Infrastructure Partners in a report on Tuesday, February 27th. They set a “buy” rating on the stock. BMO Capital Markets upped their target price on shares of Brookfield Infrastructure Partners from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. National Bankshares lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating and set a $32.00 target price on the stock. in a report on Tuesday, January 30th. TD Securities lowered their target price on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Finally, National Bank Financial lowered shares of Brookfield Infrastructure Partners from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lido Advisors LLC grew its position in shares of Brookfield Infrastructure Partners by 8.9% during the 1st quarter. Lido Advisors LLC now owns 3,925 shares of the utilities provider’s stock valued at $259,000 after acquiring an additional 320 shares during the period. Level Four Advisory Services LLC grew its position in shares of Brookfield Infrastructure Partners by 3.6% during the 4th quarter. Level Four Advisory Services LLC now owns 9,328 shares of the utilities provider’s stock valued at $294,000 after acquiring an additional 328 shares during the period. Toroso Investments LLC grew its position in shares of Brookfield Infrastructure Partners by 2.7% during the 1st quarter. Toroso Investments LLC now owns 15,264 shares of the utilities provider’s stock valued at $1,011,000 after acquiring an additional 405 shares during the period. Insight Folios Inc grew its position in shares of Brookfield Infrastructure Partners by 3.1% during the 4th quarter. Insight Folios Inc now owns 15,591 shares of the utilities provider’s stock valued at $491,000 after acquiring an additional 470 shares during the period. Finally, Belpointe Asset Management LLC grew its position in shares of Brookfield Infrastructure Partners by 4.7% during the 4th quarter. Belpointe Asset Management LLC now owns 12,011 shares of the utilities provider’s stock valued at $378,000 after acquiring an additional 536 shares during the period. 57.92% of the stock is owned by institutional investors.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $24.98 on Friday. The firm’s 50-day moving average price is $29.67 and its 200-day moving average price is $28.73. Brookfield Infrastructure Partners has a 1-year low of $21.03 and a 1-year high of $37.32. The firm has a market capitalization of $11.52 billion, a P/E ratio of 178.44 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.20.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.99). Brookfield Infrastructure Partners had a net margin of 1.34% and a return on equity of 0.79%. The company had revenue of $4.97 billion for the quarter. Equities research analysts anticipate that Brookfield Infrastructure Partners will post 3.32 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a $0.405 dividend. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.62 annualized dividend and a yield of 6.49%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 1,157.23%.

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.