Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $44.00 Consensus Price Target from Brokerages

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $44.00.

Several research firms recently commented on BIP. BMO Capital Markets reissued an “outperform” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Weiss Ratings downgraded Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Morgan Stanley increased their price objective on Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. TD Securities reissued a “buy” rating and issued a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Finally, TD Cowen reissued a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th.

Insider Buying and Selling

In other news, CFO David Tyler Krant acquired 1,150 shares of Brookfield Infrastructure Partners stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $48.10 per share, with a total value of $55,315.00. Following the purchase, the chief financial officer owned 2,150 shares in the company, valued at $103,415. This trade represents a 115.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wellington Grp LLC raised its stake in Brookfield Infrastructure Partners by 63.1% in the 1st quarter. Wellington Grp LLC now owns 15,867 shares of the utilities provider’s stock valued at $573,000 after purchasing an additional 6,140 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Brookfield Infrastructure Partners by 1.4% in the 1st quarter. Bank of America Corp DE now owns 555,778 shares of the utilities provider’s stock worth $20,075,000 after acquiring an additional 7,931 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Brookfield Infrastructure Partners in the 1st quarter worth $69,000. Empire Financial Management Company LLC increased its stake in shares of Brookfield Infrastructure Partners by 4.8% in the 1st quarter. Empire Financial Management Company LLC now owns 42,743 shares of the utilities provider’s stock worth $1,544,000 after acquiring an additional 1,951 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Brookfield Infrastructure Partners by 55.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,761,387 shares of the utilities provider’s stock worth $99,572,000 after acquiring an additional 979,842 shares during the last quarter. 57.92% of the stock is owned by institutional investors and hedge funds.

Brookfield Infrastructure Partners Trading Down 1.3%

Brookfield Infrastructure Partners stock opened at $39.04 on Wednesday. Brookfield Infrastructure Partners has a 12 month low of $29.63 and a 12 month high of $40.32. The firm has a market cap of $18.07 billion, a PE ratio of 59.16 and a beta of 1.03. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74. The stock’s 50 day simple moving average is $36.95 and its two-hundred day simple moving average is $36.44.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.62. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.The firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the firm posted $0.82 EPS. Analysts anticipate that Brookfield Infrastructure Partners will post 3.59 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 275.76%.

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.