According to data provided by Bloomberg, the ten brokerages that currently cover Brookfield Infrastructure Partners L.P. (NYSE: BIP) (TSE: BIP.UN) have collectively issued recommendations for the stock that range from “strong buy” to “moderate-buy.” Six analysts think investors should buy the stock, while only two should hold onto it. The questionable stock currently has an average 12-month price target of $44.60, according to research analysts who updated their company coverage the previous year.
Multiple equity research analysts have published recent reports on the company’s stock, which have been made available to the public. According to a study released on November 4, National Bankshares downgraded their recommendation for Brookfield Infrastructure Partners from “outperform” to “sector perform,” They also reduced their price target for the company from $40.00 to $38.00. These changes were made in response to the news that National Bankshares would publish the study. In a research note published on November 3, BMO Capital Markets lowered their price target for Brookfield Infrastructure Partners from $46.00 and their “outperform” rating, both of which they had previously assigned to the company. The new price target is $41.00. National Bank Financial assigned the rating of “sector perform market weight” to Brookfield Infrastructure Partners in a research note that was made public on November 3, 2018. The previous rating that Brookfield Infrastructure Partners had received, which was “outperform underweight,” has been lowered to this rating, which represents a downgrade. StockNews.com changed its previous rating for Brookfield Infrastructure Partners from “sell” to “hold” in a research report that was made public on November 3. The report was made available to the general public. On September 23, T.D. Securities issued a report announcing the beginning of their coverage of Brookfield Infrastructure Partners. The consensus recommendation for the stock was a “buy.”
When trading on BIP began on Wednesday, the price had been set at $34.87. The stock price has moved to an average of $34.40 over the past 50 days, while its moving average over the past 200 days is $37.18. Brookfield Infrastructure Partners hit a 52-week low of $30.03 per share during the year, while the company reached a 52-week high of $46.01 per share. The company’s current market capitalization value is $15.98 billion, its P.E. ratio is 134.12, and its beta value is 0.82.
The most recent quarterly earnings report for Brookfield Infrastructure Partners, traded on the New York Stock Exchange (NYSE: BIP) and the Toronto Stock Exchange (TSE: BIP.UN), was released on November 2 of this year. The utility company only reported a profit of $0.05 per share for the quarter, which was a significant drop from the industry analysts’ consensus estimate of $0.60 per share for the expected profit from the quarter. For Brookfield Infrastructure Partners, the net margin for the company came in at 2.80 percent, and the return on equity for the company was 1.56 percent. The company reported total revenues of $3.63 billion for the period in question. According to research professionals’ projections, Brookfield Infrastructure Partners’ earnings for this year are anticipated to amount to 2.7 cents per share.
In addition, the company has just recently announced and disbursed a quarterly dividend, which was paid out on Friday, December 30. This dividend was just recently declared and distributed. On Friday, December 1, 2018, a dividend payment of $0.36 was made to shareholders who were on record as having ownership as of Wednesday, November 30. This results in a dividend yield of 4.13 percent and an annual dividend payment of 1.44 dollars. The dividend was disbursed to shareholders on November 29 (a Tuesday), which was the month in question. The payout ratio for Brookfield Infrastructure Partners is currently at a level of 553.87% at this point.
As a result of the recent activity in the market, several hedge funds have recently made adjustments to their holdings of the stock. An additional investment of $46,000 was made in Brookfield Infrastructure Partners during the second quarter by Urban Wealth Management LLC. This expenditure was for the establishment of a new holding. Raymond James Trust N.A. increased the number of Brookfield Infrastructure Partners that it owns in the company by 11.2% during the second quarter. Raymond James Trust N.A. now has 6,895 shares of the company’s stock, which has a value of $264,000 after purchasing an additional 695 shares of the utilities provider’s stock during the most recent reporting period. The total value of Raymond James Trust N.A.’s holdings in the company is $264,000. Sawyer & Company Inc. increased the percentage of shares of Brookfield Infrastructure Partners that it owned by 50.0% during the second quarter. Following the acquisition of an additional 1,250 shares throughout the period, Sawyer & Company Inc. now holds 3,750 shares of the utility service provider’s stock in its portfolio. The price at which these shares are trading on the market now is $143,000. During the second quarter of the financial year, UMB Bank and the National Association invested sixty thousand dollars in Brookfield Infrastructure Partners. And finally, during the second quarter, Visionary Wealth Advisors saw a rise of 58.3% in the number of assets owned by Brookfield Infrastructure Partners. Visionary Wealth Advisors now has 15,671 shares of the utility provider’s stock after purchasing an additional 5,771 shares. The company’s stock is currently valued at a total of $599,000. Visionary Wealth Advisors purchased the shares during the period. Institutional investors and hedge funds collectively own 57.81% of the total number of shares that are issued and outstanding in the company.
A global investment firm, Brookfield Infrastructure Partners L.P. owns and manages businesses in the utility, transportation, midstream, and data sectors in North and South America, Europe, and Asia Pacific. The firm is also active in the global market. Approximately 61,000 kilometers (km) of operational electricity transmission and distribution lines, 5,300 kilometers (km) of electricity transmission lines, 4,200 kilometers (km) of natural gas pipelines, 7.3 million connections to electricity and natural gas, and 360,000 long-term contracted sub-metering services are managed by the utility segment of the company. In addition, the company owns and operates approximately 5,300 kilometers (km) of lines for the transmission of electric power.