Brookfield Infrastructure Partners LP (NYSE:BIP) Given Consensus Rating of "Buy" by Analysts

Key Points

• Brookfield Infrastructure Partners LP has received an average rating of "Buy" from six brokerages, with one analyst issuing a strong buy rating and four others rating it as a buy.
• The company recently announced a quarterly dividend of $0.43 per share, giving an annualized dividend yield of 5.5%.
• Brookfield Infrastructure reported $0.81 EPS for the last quarter, slightly missing analyst expectations, while its revenue was $5.43 billion, exceeding the consensus estimate significantly.

Brookfield Infrastructure Partners LP (NYSE:BIP - Get Free Report) TSE: BIP.UN has been given an average rating of "Buy" by the six analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $41.00.

Several equities analysts recently weighed in on BIP shares. Wall Street Zen cut shares of Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a research note on Saturday, September 6th. 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 report on Wednesday, August 27th. Finally, 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 target price for the company.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. North Capital Inc. purchased a new stake in shares of Brookfield Infrastructure Partners during the first quarter worth $35,000. SouthState Corp bought a new position in shares of Brookfield Infrastructure Partners during the 1st quarter valued at $37,000. Parallel Advisors LLC acquired a new position in Brookfield Infrastructure Partners during the first quarter worth $45,000. Caldwell Trust Co acquired a new position in shares of Brookfield Infrastructure Partners during the 2nd quarter valued at about $66,000. Finally, Farther Finance Advisors LLC boosted its position in Brookfield Infrastructure Partners by 565.6% during the first quarter. Farther Finance Advisors LLC now owns 2,243 shares of the utilities provider's stock worth $68,000 after purchasing an additional 1,906 shares during the period. Hedge funds and other institutional investors own 57.92% of the company's stock.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP stock traded up $0.32 during trading on Friday, reaching $31.23. The company had a trading volume of 1,246,964 shares, compared to its average volume of 513,169. 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's 50 day simple moving average is $31.07 and its two-hundred day simple moving average is $31.08. Brookfield Infrastructure Partners has a one year low of $25.72 and a one year high of $36.50. The company has a market capitalization of $14.47 billion, a PE ratio of 624.62 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.81 earnings per share 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 analyst estimates of $1.95 billion. Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. Sell-side analysts forecast that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Friday, August 29th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 3,440.00%.

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.