Brookfield Infrastructure Partners (NYSE:BIP) Price Target Raised to $39.00 at Jefferies Financial Group

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price target lifted by Jefferies Financial Group from $35.00 to $39.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a buy rating on the utilities provider’s stock.

Other research analysts have also recently issued research reports about the company. Cibc World Mkts upgraded Brookfield Infrastructure Partners to a strong-buy rating in a research report on Friday, August 2nd. StockNews.com raised shares of Brookfield Infrastructure Partners from a sell rating to a hold rating in a report on Sunday, September 15th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $38.50.

Brookfield Infrastructure Partners Price Performance

Shares of Brookfield Infrastructure Partners stock opened at $34.09 on Monday. The company has a 50-day simple moving average of $32.17 and a two-hundred day simple moving average of $30.03. Brookfield Infrastructure Partners has a twelve month low of $21.03 and a twelve month high of $35.48. The stock has a market capitalization of $15.81 billion, a price-to-earnings ratio of 109.97 and a beta of 1.05. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.58.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.80). Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.51%. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. Analysts forecast that Brookfield Infrastructure Partners will post 3.15 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a $0.405 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.62 dividend on an annualized basis and a yield of 4.75%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 522.58%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank & Trust Co bought a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth $31,000. Clear Point Advisors Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth about $33,000. Bromfield Sneider Wealth Advisors acquired a new position in shares of Brookfield Infrastructure Partners in the first quarter valued at approximately $39,000. Park Place Capital Corp bought a new position in Brookfield Infrastructure Partners in the 2nd quarter valued at approximately $41,000. Finally, Asset Dedication LLC acquired a new stake in Brookfield Infrastructure Partners during the 2nd quarter worth approximately $46,000. 57.92% of the stock is currently owned by institutional investors and hedge funds.

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.