Brookfield Infrastructure Partners LP (BIP) Receives Consensus Rating of “Buy” from Analysts

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has received a consensus rating of “Buy” from the ten brokerages that are currently covering the firm. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $38.19.

Several brokerages have recently commented on BIP. Credit Suisse Group downgraded shares of Brookfield Infrastructure Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research report on Friday, February 10th. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, February 8th. Barclays PLC set a $37.00 price objective on shares of Brookfield Infrastructure Partners and gave the company a “hold” rating in a research report on Thursday, February 2nd. RBC Capital Markets restated a “buy” rating and set a $39.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, January 6th. Finally, TD Securities restated a “buy” rating and set a $38.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Tuesday, November 8th.

Hedge funds have recently made changes to their positions in the stock. Callahan Advisors LLC increased its stake in shares of Brookfield Infrastructure Partners by 53.9% in the third quarter. Callahan Advisors LLC now owns 160,183 shares of the company’s stock worth $5,549,000 after buying an additional 56,081 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Brookfield Infrastructure Partners during the third quarter worth about $3,482,000. Bank of Montreal Can increased its stake in shares of Brookfield Infrastructure Partners by 58.8% in the third quarter. Bank of Montreal Can now owns 10,082,280 shares of the company’s stock worth $349,251,000 after buying an additional 3,731,612 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Brookfield Infrastructure Partners by 50.7% in the third quarter. Great West Life Assurance Co. Can now owns 1,768,927 shares of the company’s stock worth $61,386,000 after buying an additional 594,942 shares in the last quarter. Finally, Baskin Financial Services Inc. increased its stake in shares of Brookfield Infrastructure Partners by 48.9% in the third quarter. Baskin Financial Services Inc. now owns 491,926 shares of the company’s stock worth $17,049,000 after buying an additional 161,482 shares in the last quarter. Institutional investors own 42.12% of the company’s stock.

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Brookfield Infrastructure Partners (NYSE:BIP) traded down 0.30% during mid-day trading on Friday, reaching $36.22. 124,198 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $35.09 and its 200 day moving average price is $33.52. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 32.11 and a beta of 1.05. Brookfield Infrastructure Partners has a one year low of $23.31 and a one year high of $37.38.

Brookfield Infrastructure Partners (NYSE:BIP) last announced its quarterly earnings data on Wednesday, February 1st. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.40. Brookfield Infrastructure Partners had a net margin of 22.41% and a return on equity of 5.82%. On average, equities analysts forecast that Brookfield Infrastructure Partners will post $1.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Tuesday, February 28th will be issued a $0.435 dividend. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.29. This represents a $1.74 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Friday, February 24th. Brookfield Infrastructure Partners’s payout ratio is currently 139.29%.

About Brookfield Infrastructure Partners

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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