Brookfield Infrastructure Partners LP (NYSE:BIP) has earned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the company. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$40.14.

Several research analysts have recently commented on the stock. Citigroup Inc. raised their price objective on shares of Brookfield Infrastructure Partners from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Monday, September 26th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $47.00 target price (up previously from $46.00) on shares of Brookfield Infrastructure Partners in a report on Monday, September 26th. BMO Capital Markets reaffirmed a “buy” rating on shares of Brookfield Infrastructure Partners in a report on Friday, September 30th. TD Securities raised their target price on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company a “buy” rating in a report on Monday, September 26th. Finally, Zacks Investment Research cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th.

Shares of Brookfield Infrastructure Partners (NYSE:BIP) opened at 33.42 on Thursday. The firm’s 50-day moving average is $37.21 and its 200 day moving average is $31.38. The stock has a market cap of $8.13 billion, a P/E ratio of 37.34 and a beta of 0.93. Brookfield Infrastructure Partners has a 52-week low of $20.33 and a 52-week high of $49.89.

Brookfield Infrastructure Partners (NYSE:BIP) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.77. Brookfield Infrastructure Partners had a net margin of 20.77% and a return on equity of 5.40%. The business earned $462 million during the quarter, compared to analyst estimates of $674.50 million. Analysts forecast that Brookfield Infrastructure Partners will post $1.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $2.36 dividend on an annualized basis and a yield of 7.06%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.57. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 175.75%.

Several institutional investors have recently made changes to their positions in the stock. Bollard Group LLC boosted its position in shares of Brookfield Infrastructure Partners by 1.2% in the second quarter. Bollard Group LLC now owns 2,348 shares of the company’s stock worth $106,000 after buying an additional 28 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Brookfield Infrastructure Partners by 2.0% in the second quarter. Franklin Resources Inc. now owns 33,163 shares of the company’s stock worth $1,501,000 after buying an additional 663 shares during the last quarter. Lucas Capital Management boosted its position in shares of Brookfield Infrastructure Partners by 1.5% in the second quarter. Lucas Capital Management now owns 52,040 shares of the company’s stock worth $2,355,000 after buying an additional 752 shares during the last quarter. Investors Capital Advisory Services boosted its position in shares of Brookfield Infrastructure Partners by 13.6% in the second quarter. Investors Capital Advisory Services now owns 7,437 shares of the company’s stock worth $335,000 after buying an additional 890 shares during the last quarter. Finally, Creative Planning boosted its position in shares of Brookfield Infrastructure Partners by 11.3% in the second quarter. Creative Planning now owns 9,034 shares of the company’s stock worth $409,000 after buying an additional 918 shares during the last quarter. 29.78% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include Utilities, Transport, Energy, Communications Infrastructure and Other. Its utilities segment consists of regulated terminal, which is a coal export terminal; electricity transmission, which consists of approximately 11,100 kilometers of transmission lines in North and South America, and regulated distribution, which consists of approximately 2.6 million electricity and natural gas connections.

5 Day Chart for NYSE:BIP

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