Brookfield Infrastructure Partners (BIP) Earning Somewhat Favorable News Coverage, Study Finds

News headlines about Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brookfield Infrastructure Partners earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.8076129774182 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several research firms have commented on BIP. ValuEngine cut shares of Brookfield Infrastructure Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. Zacks Investment Research raised shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Monday, April 16th. Scotiabank reissued an “outperform” rating and set a $46.75 target price on shares of Brookfield Infrastructure Partners in a research report on Wednesday, March 7th. CIBC began coverage on shares of Brookfield Infrastructure Partners in a research report on Friday, March 16th. They set a “sector outperform” rating and a $47.00 target price on the stock. Finally, TD Securities dropped their target price on shares of Brookfield Infrastructure Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Thursday, May 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Brookfield Infrastructure Partners currently has an average rating of “Buy” and a consensus price target of $46.60.

Shares of BIP stock traded up $0.54 during trading hours on Thursday, hitting $38.90. 304,535 shares of the company were exchanged, compared to its average volume of 320,179. Brookfield Infrastructure Partners has a 52-week low of $37.27 and a 52-week high of $46.88. The firm has a market cap of $10.45 billion, a P/E ratio of 25.76, a PEG ratio of 1.27 and a beta of 0.96.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Wednesday, May 2nd. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.44). Brookfield Infrastructure Partners had a return on equity of 2.31% and a net margin of 5.40%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $946.00 million. equities research analysts anticipate that Brookfield Infrastructure Partners will post 3.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, May 31st will be paid a dividend of $0.94 per share. The ex-dividend date is Wednesday, May 30th. This represents a $3.76 annualized dividend and a dividend yield of 9.67%. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.47. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is presently 124.50%.

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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