Brookfield Infrastructure Partners (NYSE:BIP) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) had its price objective increased by stock analysts at Morgan Stanley from $45.00 to $46.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price target suggests a potential upside of 19.14% from the company’s current price.

Several other brokerages have also recently commented on BIP. TD Cowen reiterated a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Royal Bank Of Canada raised their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. TD Securities reiterated 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, 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. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.86.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP stock traded up $0.19 during mid-day trading on Wednesday, hitting $38.61. The stock had a trading volume of 114,982 shares, compared to its average volume of 870,785. Brookfield Infrastructure Partners has a fifty-two week low of $29.63 and a fifty-two week high of $40.32. The firm has a market cap of $17.87 billion, a PE ratio of 58.48 and a beta of 1.03. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.68 and a quick ratio of 0.64. The company’s 50-day simple moving average is $36.66 and its 200-day simple moving average is $36.18.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its 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 net margin of 3.46% and a return on equity of 2.54%. The company had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the business earned $0.82 EPS. Sell-side analysts anticipate that Brookfield Infrastructure Partners will post 3.63 earnings per share for the current year.

Insider Transactions at Brookfield Infrastructure Partners

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

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Hedge funds and other institutional investors have recently modified their holdings of the company. Acumen Wealth Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $26,000. Smartleaf Asset Management LLC grew its holdings in shares of Brookfield Infrastructure Partners by 225.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock worth $34,000 after buying an additional 675 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $42,000. Assetmark Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 544.1% during the fourth quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock worth $44,000 after buying an additional 1,061 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter worth about $45,000. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

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.