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

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $38.20.

Several analysts have recently commented on the stock. BMO Capital Markets reduced their price target on shares of Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Jefferies Financial Group reduced their price target on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Finally, StockNews.com lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Friday, June 7th.

Brookfield Infrastructure Partners Price Performance

BIP opened at $27.93 on Wednesday. The company’s 50 day simple moving average is $28.72 and its two-hundred day simple moving average is $29.54. Brookfield Infrastructure Partners has a 1-year low of $21.03 and a 1-year high of $37.15. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 90.10 and a beta of 1.04.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.68). Brookfield Infrastructure Partners had a return on equity of 1.23% and a net margin of 2.05%. The business had revenue of $5.19 billion during the quarter. On average, equities analysts anticipate that Brookfield Infrastructure Partners will post 3.23 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a $0.405 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.62 annualized dividend and a dividend yield of 5.80%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 522.58%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several institutional investors have recently modified their holdings of BIP. Cullen Frost Bankers Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the fourth quarter worth $30,000. Heritage Wealth Advisors acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth $31,000. Clear Point Advisors Inc. acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter worth $33,000. Bromfield Sneider Wealth Advisors acquired a new position in shares of Brookfield Infrastructure Partners during the first quarter worth $39,000. Finally, Park Place Capital Corp acquired a new position in shares of Brookfield Infrastructure Partners during the second quarter worth $41,000. Institutional investors and hedge funds 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.