News coverage about Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) has trended positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brookfield Infrastructure Partners earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.3276276884767 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of Brookfield Infrastructure Partners (BIP) traded up $0.46 during trading hours on Friday, reaching $43.67. 240,071 shares of the company were exchanged, compared to its average volume of 360,349. The company has a market capitalization of $16,810.00, a PE ratio of 167.96, a PEG ratio of 1.07 and a beta of 1.05. Brookfield Infrastructure Partners has a 12-month low of $34.26 and a 12-month high of $46.88. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Wednesday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio is presently 669.23%.

Brookfield Infrastructure Partners announced that its Board of Directors has initiated a share buyback program on Tuesday, November 7th that allows the company to repurchase 13,820,000 shares. This repurchase authorization allows the utilities provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

BIP has been the topic of several research analyst reports. Scotiabank boosted their price target on shares of Brookfield Infrastructure Partners from $43.50 to $46.75 and gave the company an “outperform” rating in a report on Monday, November 6th. National Bank Financial upped their price objective on shares of Brookfield Infrastructure Partners from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Royal Bank of Canada upped their price objective on shares of Brookfield Infrastructure Partners from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Credit Suisse Group reiterated a “hold” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a report on Wednesday, December 27th. Finally, Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, October 3rd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $48.88.

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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. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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