Brokerages Set Brookfield Infrastructure Partners LP (NYSE:BIP) Price Target at $45.33

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $45.3333.

Several equities analysts have issued reports on BIP shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $47.00 price objective (up from $45.00) on shares of Brookfield Infrastructure Partners in a report on Friday, July 31st. BMO Capital Markets upped their target price on Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Wall Street Zen downgraded Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $50.00 price target on shares of Brookfield Infrastructure Partners in a research report on Wednesday, August 12th. Finally, Weiss Ratings raised Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th.

Institutional Trading of Brookfield Infrastructure Partners

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Grp LLC boosted its stake in Brookfield Infrastructure Partners by 55.8% during the 2nd quarter. Wellington Grp LLC now owns 24,714 shares of the utilities provider’s stock worth $902,000 after purchasing an additional 8,847 shares during the period. Ameritas Advisory Services LLC acquired a new position in Brookfield Infrastructure Partners in the second quarter valued at $426,000. HB Wealth Management LLC purchased a new stake in shares of Brookfield Infrastructure Partners in the second quarter valued at about $345,000. Addenda Capital Inc. raised its holdings in shares of Brookfield Infrastructure Partners by 0.7% in the second quarter. Addenda Capital Inc. now owns 777,392 shares of the utilities provider’s stock valued at $28,367,000 after buying an additional 5,534 shares during the last quarter. Finally, Ninepoint Partners LP acquired a new stake in shares of Brookfield Infrastructure Partners during the second quarter worth about $2,452,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Trading Down 0.2%

Shares of Brookfield Infrastructure Partners stock opened at $36.57 on Friday. The company has a fifty day simple moving average of $38.84 and a 200-day simple moving average of $37.91. Brookfield Infrastructure Partners has a 12-month low of $30.51 and a 12-month high of $44.03. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 58.98 and a beta of 1.03.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.16 by $0.73. Brookfield Infrastructure Partners had a net margin of 3.51% and a return on equity of 2.63%. The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the business earned $0.81 EPS. Brookfield Infrastructure Partners’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities analysts forecast that Brookfield Infrastructure Partners will post 3.66 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be given a dividend of $0.455 per share. The ex-dividend date is Monday, August 31st. This represents a $1.82 dividend on an annualized basis and a dividend yield of 5.0%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 293.55%.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. is a global owner and operator of essential infrastructure assets. The partnership invests in and manages businesses that provide critical services to communities and industries, with a focus on assets that generate long-term, stable cash flows.

Its operations span several infrastructure sectors, including utilities, transportation, midstream energy, and data infrastructure. These businesses include electricity and natural gas transmission and distribution networks, railroads, toll roads, ports, pipelines, natural gas processing and storage facilities, telecommunications towers, and data centers.

Brookfield Infrastructure serves customers across North America, South America, Europe, and the Asia-Pacific region.