Media coverage about Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) has trended somewhat positive this week, AlphaOne Sentiment reports. The research group, a subsidiary of Accern, scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Brookfield Infrastructure Partners L.P. earned a news impact score of 0.09 on AlphaOne’s scale. AlphaOne also gave news headlines about the utilities provider an impact score of 25 out of 100, meaning that recent media coverage is very unlikely to have an effect on the stock’s share price in the near future.
Shares of Brookfield Infrastructure Partners L.P. (NYSE:BIP) traded up 1.0905% during trading on Friday, hitting $39.4354. 241,007 shares of the stock traded hands. The stock has a 50 day moving average of $39.10 and a 200 day moving average of $35.72. Brookfield Infrastructure Partners L.P. has a 52-week low of $27.79 and a 52-week high of $41.00. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 43.2406 and a beta of 1.05.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 4.46%. The ex-dividend date is Friday, May 26th. Brookfield Infrastructure Partners L.P.’s payout ratio is 139.29%.
BIP has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of Brookfield Infrastructure Partners L.P. from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Credit Suisse Group AG downgraded shares of Brookfield Infrastructure Partners L.P. from an “outperform” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Friday, February 10th. Scotiabank upped their target price on shares of Brookfield Infrastructure Partners L.P. from $39.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of Brookfield Infrastructure Partners L.P. from a “sell” rating to a “hold” rating in a research note on Wednesday, February 8th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $42.00 price target (up previously from $37.00) on shares of Brookfield Infrastructure Partners L.P. in a research note on Sunday, April 23rd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.70.
About Brookfield Infrastructure Partners L.P.
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. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).
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