Brookfield Infrastructure Partners LP (NYSE:BIP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $40.1429.

BIP has been the subject of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a research note on Wednesday, October 8th. Royal Bank Of Canada set a $40.00 price target on shares of Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Wednesday, August 27th. National Bank Financial raised shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Jefferies Financial Group initiated coverage on shares of Brookfield Infrastructure Partners in a research note on Friday, August 29th. They set a “buy” rating and a $35.00 price target for the company. Finally, Wall Street Zen downgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday, September 6th.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several large investors have recently modified their holdings of the company. Apollon Wealth Management LLC increased its position in shares of Brookfield Infrastructure Partners by 11.3% during the third quarter. Apollon Wealth Management LLC now owns 45,118 shares of the utilities provider’s stock worth $1,484,000 after buying an additional 4,576 shares during the period. CWM LLC increased its position in shares of Brookfield Infrastructure Partners by 67.6% during the third quarter. CWM LLC now owns 9,433 shares of the utilities provider’s stock worth $310,000 after buying an additional 3,805 shares during the period. Value Partners Investments Inc. increased its position in shares of Brookfield Infrastructure Partners by 3.5% during the third quarter. Value Partners Investments Inc. now owns 48,951 shares of the utilities provider’s stock worth $1,613,000 after buying an additional 1,657 shares during the period. Munro Partners increased its position in shares of Brookfield Infrastructure Partners by 6.0% during the third quarter. Munro Partners now owns 178,240 shares of the utilities provider’s stock worth $5,862,000 after buying an additional 10,060 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Brookfield Infrastructure Partners by 5.2% during the third quarter. Farther Finance Advisors LLC now owns 8,216 shares of the utilities provider’s stock worth $270,000 after buying an additional 409 shares during the period. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE:BIP opened at $34.33 on Tuesday. The company has a market cap of $15.91 billion, a price-to-earnings ratio of 686.70 and a beta of 1.16. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.88 and a quick ratio of 0.85. The firm has a 50 day simple moving average of $31.81 and a 200 day simple moving average of $31.65. Brookfield Infrastructure Partners has a one year low of $25.72 and a one year high of $36.50.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $1.95 billion. Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. Brookfield Infrastructure Partners’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. Research analysts predict that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a dividend of $0.43 per share. The ex-dividend date was Friday, August 29th. This represents a $1.72 annualized dividend and a dividend yield of 5.0%. Brookfield Infrastructure Partners’s dividend payout ratio is 3,440.00%.

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.