Brookfield Infrastructure Partners LP (NYSE:BIP) Stock Has Average Price Target of $45.33

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $45.33.

Several analysts have recently commented on the stock. National Bank Financial raised their price objective on shares of Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. BMO Capital Markets upped their target price on shares of Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $50.00 target price on shares of Brookfield Infrastructure Partners in a report on Wednesday, August 12th. Citigroup reiterated a “neutral” rating and issued a $41.00 price target (up from $37.00) on shares of Brookfield Infrastructure Partners in a research note on Monday, August 3rd. Finally, Weiss Ratings raised Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. State of Wisconsin Investment Board increased its position in shares of Brookfield Infrastructure Partners by 212.4% during the fourth quarter. State of Wisconsin Investment Board now owns 2,592,339 shares of the utilities provider’s stock worth $90,058,000 after acquiring an additional 1,762,436 shares during the period. Goldman Sachs Group Inc. boosted its position in Brookfield Infrastructure Partners by 68.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,243,218 shares of the utilities provider’s stock valued at $112,669,000 after acquiring an additional 1,317,669 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings 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 valued at $99,572,000 after acquiring an additional 979,842 shares during the period. Bank of Nova Scotia raised its position in shares of Brookfield Infrastructure Partners by 28.0% in the 1st quarter. Bank of Nova Scotia now owns 2,812,022 shares of the utilities provider’s stock worth $101,409,000 after acquiring an additional 614,531 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Brookfield Infrastructure Partners by 7.4% in the 4th quarter. CIBC Asset Management Inc now owns 8,559,336 shares of the utilities provider’s stock worth $297,699,000 after acquiring an additional 589,915 shares in the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Trading Up 0.8%

Shares of NYSE:BIP opened at $35.85 on Tuesday. The stock has a 50 day moving average of $37.97 and a 200 day moving average of $37.59. The company has a market cap of $16.51 billion, a PE ratio of 57.83 and a beta of 1.06. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. Brookfield Infrastructure Partners has a 12-month low of $32.81 and a 12-month high of $44.03.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the business earned $0.81 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. As a group, equities research analysts expect that Brookfield Infrastructure Partners will post 3.66 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, August 31st were given a dividend of $0.4550 per share. The ex-dividend date was Monday, August 31st. This represents a $1.82 annualized dividend and a dividend yield of 5.1%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 293.55%.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. is a global owner and operator of essential infrastructure assets. The partnership’s portfolio includes businesses in utilities, transport, midstream energy, and data infrastructure, with assets that support the movement of people, goods, energy, and data.

Its utilities operations include electricity transmission and distribution, natural gas distribution, and water and wastewater systems. The transport business encompasses assets such as toll roads, rail, ports, and other transportation infrastructure.