Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $41.00 Average PT from 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 received a consensus recommendation of "Buy" from the six analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $41.00.

A number of equities analysts have issued reports on the company. Royal Bank Of Canada set a $40.00 price target on Brookfield Infrastructure Partners and gave the stock an "outperform" rating in a report on Wednesday, August 27th. Jefferies Financial Group assumed coverage on shares of Brookfield Infrastructure Partners in a research report on Friday, August 29th. They set a "buy" rating and a $35.00 price objective on the stock. Finally, Wall Street Zen lowered Brookfield Infrastructure Partners from a "hold" rating to a "sell" rating in a report on Saturday, September 6th.

Brookfield Infrastructure Partners Trading Down 0.4%

Shares of NYSE BIP traded down $0.13 during trading on Friday, reaching $30.94. The company had a trading volume of 865,751 shares, compared to its average volume of 518,549. The company's fifty day moving average price is $31.09 and its 200-day moving average price is $31.04. Brookfield Infrastructure Partners has a 12 month low of $25.72 and a 12 month high of $36.50. The stock has a market cap of $14.34 billion, a P/E ratio of 618.92 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.66.

Brookfield Infrastructure Partners (NYSE:BIP - Get Free Report) TSE: BIP.UN last posted its quarterly earnings data 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 firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the company posted $0.77 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts expect that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Infrastructure Partners's dividend payout ratio (DPR) is 3,440.00%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

Several large investors have recently bought and sold shares of the stock. Truist Financial Corp lifted its position in shares of 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 buying an additional 314 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Brookfield Infrastructure Partners by 9.2% in 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 during the period. Public Sector Pension Investment Board raised its holdings in shares of Brookfield Infrastructure Partners by 0.9% in 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 during the period. State of Wyoming raised its stake in shares of Brookfield Infrastructure Partners by 12.6% in the second quarter. State of Wyoming now owns 3,649 shares of the utilities provider's stock valued at $122,000 after buying an additional 407 shares during the period. Finally, Harbour Investments Inc. raised its stake in shares of Brookfield Infrastructure Partners by 23.1% in the second quarter. Harbour Investments Inc. now owns 2,523 shares of the utilities provider's stock valued at $85,000 after buying an additional 474 shares during the period. 57.92% of the stock is currently owned by institutional investors.

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.