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

Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $40.20.

BIP has been the topic of several recent analyst reports. TD Securities boosted their price objective on shares of Brookfield Infrastructure Partners from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, Jefferies Financial Group lifted their target price on Brookfield Infrastructure Partners from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th.

Institutional Trading of Brookfield Infrastructure Partners

Several institutional investors have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the 3rd quarter worth about $26,000. Dunhill Financial LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $30,000. Truvestments Capital LLC bought a new stake in shares of Brookfield Infrastructure Partners in the third quarter valued at approximately $77,000. Wilmington Savings Fund Society FSB acquired a new stake in Brookfield Infrastructure Partners during the third quarter worth approximately $101,000. Finally, Eastern Bank acquired a new stake in Brookfield Infrastructure Partners during the third quarter worth approximately $158,000. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Price Performance

Shares of BIP opened at $31.23 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 1.72. The company’s fifty day simple moving average is $33.15 and its 200 day simple moving average is $32.73. Brookfield Infrastructure Partners has a 1-year low of $24.84 and a 1-year high of $36.50. The company has a market cap of $14.49 billion, a price-to-earnings ratio of -82.17 and a beta of 1.07.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a dividend of $0.405 per share. The ex-dividend date was Friday, November 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.19%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently -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.