Brookfield Infrastructure Partners LP (NYSE:BIP) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Brookfield Infrastructure Partners LP has received an average recommendation of "Moderate Buy" from analysts, with one sell, one hold, five buy, and two strong buy ratings.
• The company declared a quarterly dividend of $0.43 per share, representing an annualized yield of 5.0% and a substantial dividend payout ratio of 3,440.00%.
• As of now, Brookfield Infrastructure Partners has a market capitalization of $16.09 billion and its stock has a 12-month price range between $25.72 and $36.50.

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN have been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the stock, MarketBeat 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 1-year price objective among brokerages that have issued a report on the stock in the last year is $40.1429.

A number of research firms have commented on BIP. National Bank Financial raised shares of Brookfield Infrastructure Partners from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 25th. Wall Street Zen cut shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research report on Saturday, September 6th. National Bankshares set a $35.00 price target on shares of Brookfield Infrastructure Partners and gave the stock an "outperform" rating in a research note on Friday, September 26th. Jefferies Financial Group assumed 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 on the stock. Finally, Royal Bank Of Canada set a $40.00 price target on shares of Brookfield Infrastructure Partners and gave the stock an "outperform" rating in a research note on Wednesday, August 27th.

Institutional Trading of Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently bought and sold shares of BIP. Truist Financial Corp increased its position in Brookfield Infrastructure Partners by 1.3% during the 2nd quarter. Truist Financial Corp now owns 23,616 shares of the utilities provider's stock worth $791,000 after purchasing an additional 314 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Brookfield Infrastructure Partners by 9.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,866 shares of the utilities provider's stock worth $115,000 after purchasing an additional 325 shares in the last quarter. AdvisorNet Financial Inc increased its position in Brookfield Infrastructure Partners by 17.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider's stock worth $71,000 after purchasing an additional 325 shares in the last quarter. Public Sector Pension Investment Board increased its position in Brookfield Infrastructure Partners by 0.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider's stock worth $1,494,000 after purchasing an additional 400 shares in the last quarter. Finally, State of Wyoming increased its position in Brookfield Infrastructure Partners by 12.6% during the 2nd quarter. State of Wyoming now owns 3,649 shares of the utilities provider's stock worth $122,000 after purchasing an additional 407 shares in the last quarter. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Trading Up 1.0%

NYSE BIP opened at $34.71 on Tuesday. The firm's 50-day moving average is $31.51 and its two-hundred day moving average is $31.54. Brookfield Infrastructure Partners has a 12 month low of $25.72 and a 12 month high of $36.50. 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 stock has a market capitalization of $16.09 billion, a P/E ratio of 694.40 and a beta of 1.16.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its earnings results on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the company earned $0.77 EPS. The company's quarterly revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, August 29th. This represents a $1.72 dividend on an annualized basis and a 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.