Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its target price increased by National Bank Financial from $54.00 to $56.00 in a report released on Tuesday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the utilities provider’s stock. National Bank Financial also issued estimates for Brookfield Infrastructure Partners’ Q1 2020 earnings at $0.89 EPS, Q2 2020 earnings at $0.90 EPS, Q3 2020 earnings at $0.94 EPS, Q4 2020 earnings at $0.96 EPS and FY2021 earnings at $3.93 EPS.

Several other brokerages have also recently weighed in on BIP. BMO Capital Markets reiterated an in-line rating and set a $60.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday. TD Securities cut Brookfield Infrastructure Partners from a buy rating to a hold rating and reduced their price target for the company from $58.00 to $57.00 in a research report on Tuesday. They noted that the move was a valuation call. Raymond James lifted their price target on Brookfield Infrastructure Partners from $52.00 to $60.00 and gave the company an outperform rating in a research report on Friday, December 27th. ValuEngine cut Brookfield Infrastructure Partners from a hold rating to a sell rating in a research report on Friday, January 3rd. Finally, Bank of America assumed coverage on Brookfield Infrastructure Partners in a research report on Wednesday, December 18th. They set a buy rating and a $58.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $54.09.

Shares of NYSE:BIP traded up $0.16 during trading on Tuesday, hitting $55.45. The stock had a trading volume of 172,055 shares, compared to its average volume of 240,382. Brookfield Infrastructure Partners has a 12-month low of $39.51 and a 12-month high of $55.70. The stock has a market capitalization of $15.55 billion, a price-to-earnings ratio of 792.26, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. The stock has a 50-day simple moving average of $52.62 and a two-hundred day simple moving average of $49.60.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Monday, February 10th. The utilities provider reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.91). Brookfield Infrastructure Partners had a return on equity of 1.57% and a net margin of 3.64%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Brookfield Infrastructure Partners will post 3.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.538 per share. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.50. This represents a $2.15 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 2,871.43%.

Hedge funds have recently made changes to their positions in the stock. Cetera Advisor Networks LLC increased its position in shares of Brookfield Infrastructure Partners by 3.4% in the fourth quarter. Cetera Advisor Networks LLC now owns 6,071 shares of the utilities provider’s stock valued at $303,000 after buying an additional 200 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Brookfield Infrastructure Partners by 24.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,120 shares of the utilities provider’s stock valued at $56,000 after buying an additional 220 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Brookfield Infrastructure Partners by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 39,856 shares of the utilities provider’s stock valued at $1,992,000 after buying an additional 226 shares in the last quarter. FMR LLC increased its position in shares of Brookfield Infrastructure Partners by 0.5% in the fourth quarter. FMR LLC now owns 55,383 shares of the utilities provider’s stock valued at $2,766,000 after buying an additional 252 shares in the last quarter. Finally, Mutual Advisors LLC increased its position in shares of Brookfield Infrastructure Partners by 5.2% in the third quarter. Mutual Advisors LLC now owns 6,354 shares of the utilities provider’s stock valued at $315,000 after buying an additional 314 shares in the last quarter. Institutional investors own 50.24% of the company’s stock.

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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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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