Brokerages Set Brookfield Infrastructure Partners L.P. (NYSE:BIP) PT at $40.20

Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has earned an average rating of “Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $40.20.

A number of analysts recently commented on BIP shares. TD Securities lifted their price objective on Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, Jefferies Financial Group upped their price objective on shares of Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, September 30th.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of large investors have recently bought and sold shares of the stock. Citigroup Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 159.5% during the 3rd quarter. Citigroup Inc. now owns 175,434 shares of the utilities provider’s stock worth $6,147,000 after buying an additional 107,821 shares during the last quarter. GSA Capital Partners LLP grew its position in Brookfield Infrastructure Partners by 197.9% during the third quarter. GSA Capital Partners LLP now owns 71,941 shares of the utilities provider’s stock valued at $2,521,000 after acquiring an additional 47,792 shares during the period. FMR LLC increased its stake in Brookfield Infrastructure Partners by 87.1% during the third quarter. FMR LLC now owns 24,090 shares of the utilities provider’s stock worth $844,000 after acquiring an additional 11,217 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Brookfield Infrastructure Partners by 5.4% in the 3rd quarter. National Bank of Canada FI now owns 2,550,270 shares of the utilities provider’s stock worth $89,362,000 after purchasing an additional 130,371 shares during the period. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Brookfield Infrastructure Partners in the 3rd quarter valued at about $2,566,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock opened at $30.90 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. Brookfield Infrastructure Partners has a fifty-two week low of $24.84 and a fifty-two week high of $36.50. The stock has a fifty day moving average of $33.21 and a two-hundred day moving average of $32.67. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of -81.32 and a beta of 1.07.

Brookfield Infrastructure Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a $0.405 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a yield of 5.24%. Brookfield Infrastructure Partners’s payout ratio is -426.32%.

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.