Brookfield Infrastructure Partners L.P. (NYSE:BIP) Given Consensus Recommendation of “Buy” by Analysts

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $41.67.

A number of research firms have commented on BIP. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday, March 25th. Citigroup lowered their price target on Brookfield Infrastructure Partners from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st.

Brookfield Infrastructure Partners Price Performance

BIP opened at $33.05 on Wednesday. The stock has a 50-day moving average price of $31.17 and a 200-day moving average price of $31.46. Brookfield Infrastructure Partners has a 12-month low of $25.72 and a 12-month high of $36.50. The company has a current ratio of 0.08, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $15.35 billion, a P/E ratio of 826.46 and a beta of 1.09.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Wednesday, April 30th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Brookfield Infrastructure Partners had a return on equity of 1.17% and a net margin of 1.64%. The firm had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the business earned $0.78 EPS. Equities analysts predict that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.20%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently -8,600.00%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Brookfield Infrastructure Partners by 9.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,866 shares of the utilities provider’s stock worth $115,000 after buying an additional 325 shares during the last quarter. MGO One Seven LLC lifted its position in Brookfield Infrastructure Partners by 5.5% during the fourth quarter. MGO One Seven LLC now owns 7,105 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 372 shares in the last quarter. Kestra Advisory Services LLC lifted its position in Brookfield Infrastructure Partners by 0.7% during the first quarter. Kestra Advisory Services LLC now owns 66,854 shares of the utilities provider’s stock valued at $1,992,000 after purchasing an additional 479 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Brookfield Infrastructure Partners by 8.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,096 shares of the utilities provider’s stock valued at $257,000 after purchasing an additional 602 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its position in Brookfield Infrastructure Partners by 6.1% during the fourth quarter. Belpointe Asset Management LLC now owns 11,231 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 647 shares in the last quarter. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Company Profile

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.