Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has earned an average recommendation of “Buy” from the ten brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $45.64.
Several equities analysts have recently issued reports on BIP shares. Zacks Investment Research raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. Credit Suisse Group reaffirmed a “buy” rating and issued a $46.00 target price on shares of Brookfield Infrastructure Partners in a report on Friday, December 21st. Finally, Raymond James reaffirmed an “outperform” rating and issued a $49.00 target price on shares of Brookfield Infrastructure Partners in a report on Friday, February 8th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. CI Investments Inc. grew its holdings in Brookfield Infrastructure Partners by 15.8% during the fourth quarter. CI Investments Inc. now owns 2,239,042 shares of the utilities provider’s stock valued at $77,314,000 after purchasing an additional 304,892 shares during the period. Morgan Stanley grew its holdings in Brookfield Infrastructure Partners by 5.8% during the third quarter. Morgan Stanley now owns 1,518,041 shares of the utilities provider’s stock valued at $60,540,000 after purchasing an additional 82,680 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in Brookfield Infrastructure Partners by 23.5% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 137,300 shares of the utilities provider’s stock valued at $4,738,000 after purchasing an additional 26,100 shares during the period. Tower Research Capital LLC TRC grew its holdings in Brookfield Infrastructure Partners by 307.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,903 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 2,190 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co grew its holdings in Brookfield Infrastructure Partners by 8.1% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 31,447 shares of the utilities provider’s stock valued at $1,087,000 after purchasing an additional 2,350 shares during the period. 38.11% of the stock is owned by institutional investors and hedge funds.
Shares of Brookfield Infrastructure Partners stock opened at $41.79 on Friday. The company has a market capitalization of $14.29 billion, a PE ratio of 70.83, a P/E/G ratio of 1.19 and a beta of 1.05. Brookfield Infrastructure Partners has a 52 week low of $32.26 and a 52 week high of $42.54. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.88.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Wednesday, February 6th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $870.84 million. Brookfield Infrastructure Partners had a return on equity of 2.82% and a net margin of 7.46%. The company’s quarterly revenue was up 45.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. On average, equities research analysts predict that Brookfield Infrastructure Partners will post 3.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, February 28th were issued a $0.502 dividend. The ex-dividend date was Wednesday, February 27th. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.47. This represents a $2.01 annualized dividend and a dividend yield of 4.80%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 340.68%.
Brookfield Infrastructure Partners Company Profile
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.
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