Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $42.13 Consensus PT from Brokerages

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $42.1250.

BIP has been the topic of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. TD Securities reaffirmed a “buy” rating and set a $57.00 target price (up from $55.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Morgan Stanley set a $45.00 price target on Brookfield Infrastructure Partners in a research note on Wednesday, January 28th. Scotiabank reissued an “outperform” rating and issued a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research note on Monday, December 29th.

Brookfield Infrastructure Partners Stock Down 0.5%

NYSE BIP opened at $37.69 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.08 and a debt-to-equity ratio of 1.68. Brookfield Infrastructure Partners has a fifty-two week low of $25.72 and a fifty-two week high of $40.32. The business has a 50 day moving average price of $36.91 and a two-hundred day moving average price of $34.97. The stock has a market cap of $17.38 billion, a PE ratio of 41.88 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.45 earnings per share (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 quarter in the prior year, the business earned $0.78 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts predict that Brookfield Infrastructure Partners will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a dividend of $0.455 per share. This is a positive change from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, February 27th. This represents a $1.82 dividend on an annualized basis and a yield of 4.8%. Brookfield Infrastructure Partners’s payout ratio is currently 202.22%.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its position in Brookfield Infrastructure Partners by 25.5% in the 4th quarter. Corient Private Wealth LLC now owns 31,889 shares of the utilities provider’s stock valued at $1,108,000 after purchasing an additional 6,484 shares during the last quarter. MidFirst Bank bought a new position in Brookfield Infrastructure Partners in the 4th quarter worth about $339,000. Rare Wolf Capital LLC acquired a new stake in shares of Brookfield Infrastructure Partners in the fourth quarter valued at approximately $327,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Brookfield Infrastructure Partners by 8.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,827 shares of the utilities provider’s stock valued at $793,000 after purchasing an additional 1,746 shares during the period. Finally, Braeburn Wealth Management LLC bought a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter valued at approximately $550,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

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.