Brookfield Infrastructure Partners LP (NYSE:BIP) Receives Average Rating of “Moderate Buy” from Analysts

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $44.8750.

BIP has been the subject of several analyst reports. National Bank Financial upped their price objective on Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Weiss Ratings lowered Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Morgan Stanley restated an “overweight” rating and set a $48.00 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday. Finally, Canadian Imperial Bank of Commerce reaffirmed 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.

Brookfield Infrastructure Partners Price Performance

Brookfield Infrastructure Partners stock opened at $40.25 on Thursday. The stock has a market cap of $18.63 billion, a P/E ratio of 60.98 and a beta of 1.06. The company has a fifty day simple moving average of $38.15 and a 200-day simple moving average of $37.17. Brookfield Infrastructure Partners has a 12-month low of $29.63 and a 12-month high of $40.67. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, beating 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 firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Equities analysts expect that Brookfield Infrastructure Partners will post 3.59 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, May 29th. Brookfield Infrastructure Partners’s payout ratio is currently 275.76%.

Insider Activity

In related news, CFO David Tyler Krant bought 1,150 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of $48.10 per share, for a total transaction of $55,315.00. Following the acquisition, the chief financial officer owned 2,150 shares in the company, valued at approximately $103,415. This represents a 115.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently bought and sold shares of BIP. CIBC Bancorp USA Inc. purchased a new position in Brookfield Infrastructure Partners during the 3rd quarter worth $16,917,000. JPMorgan Chase & Co. raised its holdings in shares of Brookfield Infrastructure Partners by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 505,183 shares of the utilities provider’s stock valued at $16,615,000 after buying an additional 178,534 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Brookfield Infrastructure Partners by 106.3% during the fourth quarter. SG Americas Securities LLC now owns 70,614 shares of the utilities provider’s stock worth $2,453,000 after buying an additional 36,382 shares during the period. Intact Investment Management Inc. boosted its stake in shares of Brookfield Infrastructure Partners by 1.3% during the fourth quarter. Intact Investment Management Inc. now owns 2,395,384 shares of the utilities provider’s stock worth $83,261,000 after buying an additional 29,750 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Brookfield Infrastructure Partners by 7.4% during the fourth quarter. CIBC Asset Management Inc now owns 8,559,336 shares of the utilities provider’s stock worth $297,699,000 after buying an additional 589,915 shares during the last quarter. 57.92% of the stock is 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.