Brokerages Set Brookfield Infrastructure Partners L.P. (NYSE:BIP) Price Target at $42.80

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong 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 $42.80.

Several research analysts have commented on BIP shares. StockNews.com raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, February 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 31st. TD Securities increased their target price on shares of 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, Raymond James boosted their price target on shares of 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.

Institutional Trading of Brookfield Infrastructure Partners

Several hedge funds have recently modified their holdings of the stock. Cedar Mountain Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the third quarter worth $26,000. Promus Capital LLC bought a new position in shares of Brookfield Infrastructure Partners during the 4th quarter worth about $26,000. Dunhill Financial LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at about $30,000. Compass Planning Associates Inc acquired a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter valued at about $28,000. Finally, Larson Financial Group LLC bought a new stake in Brookfield Infrastructure Partners in the 4th quarter valued at about $30,000. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Up 0.2 %

Shares of NYSE BIP opened at $33.35 on Thursday. The company has a 50 day simple moving average of $32.55 and a 200 day simple moving average of $33.04. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.08 and a quick ratio of 0.72. Brookfield Infrastructure Partners has a 1 year low of $24.84 and a 1 year high of $36.50. The firm has a market cap of $15.48 billion, a PE ratio of 833.96 and a beta of 1.08.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, January 30th. The utilities provider reported $0.82 earnings per share (EPS) 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, research analysts forecast that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 5.16%. Brookfield Infrastructure Partners’s payout ratio is 4,300.00%.

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.