Brookfield Infrastructure Partners LP (NYSE:BIP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $42.1250.

Several equities analysts have recently weighed in on BIP shares. Royal Bank Of Canada lifted their target price on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Scotiabank reiterated an “outperform” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 16th. TD Securities restated a “buy” rating and set a $57.00 target price (up previously from $55.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Jefferies Financial Group set a $37.00 price target on Brookfield Infrastructure Partners and gave the stock a “hold” rating in a report on Wednesday, October 29th. Finally, Wall Street Zen upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $38.55 on Monday. The stock has a fifty day simple moving average of $35.73 and a two-hundred day simple moving average of $34.06. Brookfield Infrastructure Partners has a 1-year low of $25.72 and a 1-year high of $39.85. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 42.83 and a beta of 1.12. The company has a current ratio of 0.08, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Thursday, January 29th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). Brookfield Infrastructure Partners had a net margin of 4.40% and a return on equity of 3.22%. The firm had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.7%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, February 27th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 191.11%.

Institutional Trading of Brookfield Infrastructure Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of BIP. Goldman Sachs Group Inc. boosted its holdings in Brookfield Infrastructure Partners by 12.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,802,475 shares of the utilities provider’s stock valued at $53,696,000 after purchasing an additional 195,276 shares during the period. Focus Partners Wealth boosted its stake in Brookfield Infrastructure Partners by 8.5% during the first quarter. Focus Partners Wealth now owns 24,734 shares of the utilities provider’s stock valued at $737,000 after buying an additional 1,931 shares during the period. CWM LLC grew its position in Brookfield Infrastructure Partners by 79.3% during the second quarter. CWM LLC now owns 5,628 shares of the utilities provider’s stock worth $189,000 after buying an additional 2,489 shares in the last quarter. Harbour Investments Inc. grew its position in Brookfield Infrastructure Partners by 23.1% during the second quarter. Harbour Investments Inc. now owns 2,523 shares of the utilities provider’s stock worth $85,000 after buying an additional 474 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Brookfield Infrastructure Partners by 6.9% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 11,770 shares of the utilities provider’s stock worth $394,000 after acquiring an additional 760 shares during the last quarter. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.