Brookfield Infrastructure Partners (NYSE:BIP) Rating Lowered to “Sell” at Wall Street Zen

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts also recently issued reports on BIP. National Bank Financial raised their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Weiss Ratings cut shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $45.00 price target (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. Finally, Morgan Stanley restated an “overweight” rating and issued a $48.00 price target on shares of Brookfield Infrastructure Partners in a research report on Tuesday, July 21st. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.88.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE:BIP opened at $40.96 on Friday. The company has a market cap of $18.96 billion, a price-to-earnings ratio of 62.06 and a beta of 1.06. The business has a 50 day moving average price of $38.26 and a 200 day moving average price of $37.26. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.74. Brookfield Infrastructure Partners has a twelve month low of $29.63 and a twelve month high of $41.65.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, topping the consensus estimate 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 company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business posted $0.82 EPS. Research analysts predict that Brookfield Infrastructure Partners will post 3.63 earnings per share for the current year.

Insider Buying and Selling

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant purchased 1,150 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $48.10 per share, for a total transaction of $55,315.00. Following the completion of the purchase, the chief financial officer directly owned 2,150 shares of the company’s stock, valued at approximately $103,415. This represents a 115.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Brookfield Infrastructure Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JCIC Asset Management Inc. increased its stake in Brookfield Infrastructure Partners by 6.6% in the fourth quarter. JCIC Asset Management Inc. now owns 5,589 shares of the utilities provider’s stock valued at $194,000 after acquiring an additional 345 shares during the period. Clear Trail Advisors LLC lifted its stake in Brookfield Infrastructure Partners by 5.0% during the first quarter. Clear Trail Advisors LLC now owns 7,344 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 350 shares during the period. NewEdge Advisors LLC lifted its stake in Brookfield Infrastructure Partners by 4.8% during the fourth quarter. NewEdge Advisors LLC now owns 8,758 shares of the utilities provider’s stock worth $304,000 after purchasing an additional 400 shares during the period. Public Sector Pension Investment Board boosted its holdings in Brookfield Infrastructure Partners by 0.9% during the second quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock valued at $1,494,000 after purchasing an additional 400 shares in the last quarter. Finally, Empire Financial Management Company LLC boosted its holdings in Brookfield Infrastructure Partners by 1.0% during the fourth quarter. Empire Financial Management Company LLC now owns 40,792 shares of the utilities provider’s stock valued at $1,417,000 after purchasing an additional 403 shares in the last quarter. 57.92% of the stock is owned by institutional investors.

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.