Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP – Get Free Report) (TSE:BIP.UN) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $38.20.
A number of research firms have recently issued reports on BIP. StockNews.com cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Jefferies Financial Group decreased their price target on shares of Brookfield Infrastructure Partners from $37.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, BMO Capital Markets decreased their price target on shares of Brookfield Infrastructure Partners from $40.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd.
Get Our Latest Stock Analysis on BIP
Brookfield Infrastructure Partners Trading Up 0.0 %
Brookfield Infrastructure Partners stock opened at $30.45 on Friday. The firm has a market capitalization of $14.13 billion, a P/E ratio of 98.23 and a beta of 1.03. Brookfield Infrastructure Partners has a 1 year low of $21.03 and a 1 year high of $36.20. The business has a 50-day moving average of $28.99 and a 200-day moving average of $29.43.
Brookfield Infrastructure Partners (NYSE:BIP – Get Free Report) (TSE:BIP.UN) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.68). Brookfield Infrastructure Partners had a net margin of 2.05% and a return on equity of 1.23%. The business had revenue of $5.19 billion during the quarter. Research analysts anticipate that Brookfield Infrastructure Partners will post 3.23 EPS for the current fiscal year.
Brookfield Infrastructure Partners Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Friday, May 31st. Brookfield Infrastructure Partners’s payout ratio is currently 522.58%.
Institutional Trading of Brookfield Infrastructure Partners
Hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. purchased a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter valued at about $30,000. Heritage Wealth Advisors bought a new position in shares of Brookfield Infrastructure Partners during the 4th quarter valued at approximately $31,000. Bank & Trust Co bought a new stake in Brookfield Infrastructure Partners in the second quarter worth $31,000. Clear Point Advisors Inc. bought a new stake in Brookfield Infrastructure Partners in the first quarter worth $33,000. Finally, Bromfield Sneider Wealth Advisors bought a new stake in Brookfield Infrastructure Partners in the first quarter worth $39,000. Institutional investors own 57.92% of the company’s stock.
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.
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