Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) have earned a consensus rating of “Buy” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $46.20.

Several research analysts have weighed in on the company. Credit Suisse Group set a $46.00 price target on Brookfield Infrastructure Partners and gave the stock a “buy” rating in a research report on Tuesday, November 13th. Royal Bank of Canada lowered their price target on Brookfield Infrastructure Partners from $49.00 to $47.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Raymond James reaffirmed an “outperform” rating and set a $51.00 price target on shares of Brookfield Infrastructure Partners in a research report on Monday, November 5th. Wells Fargo & Co lowered their price target on Brookfield Infrastructure Partners from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Finally, Citigroup lowered their price target on Brookfield Infrastructure Partners from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, November 29th.

NYSE BIP opened at $37.50 on Monday. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.21 and a beta of 0.98. Brookfield Infrastructure Partners has a 52 week low of $36.55 and a 52 week high of $46.88.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Friday, November 2nd. The utilities provider reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.82). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $795.00 million. Brookfield Infrastructure Partners had a return on equity of 3.54% and a net margin of 8.22%. On average, equities research analysts expect that Brookfield Infrastructure Partners will post 3.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, November 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Thursday, November 29th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 124.50%.

Several hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC increased its holdings in shares of Brookfield Infrastructure Partners by 4.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 28,810 shares of the utilities provider’s stock worth $1,149,000 after acquiring an additional 1,313 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Brookfield Infrastructure Partners by 2.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 56,930 shares of the utilities provider’s stock worth $2,186,000 after acquiring an additional 1,554 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Brookfield Infrastructure Partners by 307.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,903 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 2,190 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its holdings in shares of Brookfield Infrastructure Partners by 3.1% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 74,577 shares of the utilities provider’s stock worth $2,974,000 after acquiring an additional 2,270 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Brookfield Infrastructure Partners by 0.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 444,075 shares of the utilities provider’s stock worth $17,052,000 after acquiring an additional 2,433 shares during the last quarter. 47.41% of the stock is currently owned by institutional investors and hedge funds.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. engages in utility, transport, energy, and communications infrastructure businesses. The company's 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 12,000 km of electricity transmission lines in North and South America; approximately 3.3 million electricity and natural gas connections in the United Kingdom and Colombia; and a port facility that exports metallurgical and thermal coal in Australia.

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Analyst Recommendations for Brookfield Infrastructure Partners (NYSE:BIP)

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