Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $41.63 Average Price Target from Brokerages

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $41.6250.

Several brokerages recently issued reports on BIP. Scotiabank reaffirmed an “outperform” rating and set a $44.00 target price on shares of Brookfield Infrastructure Partners in a research report on Friday, January 16th. Morgan Stanley set a $44.00 price objective on Brookfield Infrastructure Partners in a research note on Tuesday, December 2nd. National Bankshares upped their target price on shares of Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Wall Street Zen upgraded shares of Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Jefferies Financial Group set a $37.00 price target on shares of Brookfield Infrastructure Partners and gave the company a “hold” rating in a research report on Wednesday, October 29th.

Institutional Trading of Brookfield Infrastructure Partners

Institutional investors and hedge funds have recently modified their holdings of the business. Westfuller Advisors LLC bought a new stake in Brookfield Infrastructure Partners during the third quarter worth $44,000. Assetmark Inc. increased its position in shares of Brookfield Infrastructure Partners by 544.1% during the 4th quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 1,061 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Brookfield Infrastructure Partners by 45.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 436 shares during the period. City Holding Co. bought a new stake in shares of Brookfield Infrastructure Partners during the 3rd quarter worth $59,000. Finally, Caldwell Trust Co purchased a new position in shares of Brookfield Infrastructure Partners in the 2nd quarter worth about $66,000. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Trading Down 0.3%

NYSE:BIP opened at $35.14 on Thursday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.85 and a quick ratio of 0.81. Brookfield Infrastructure Partners has a one year low of $25.72 and a one year high of $36.58. The company has a market cap of $16.21 billion, a PE ratio of 52.45 and a beta of 1.10. The firm has a 50-day moving average of $34.93 and a 200-day moving average of $33.33.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.42). The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $2.05 billion. Brookfield Infrastructure Partners had a net margin of 3.70% and a return on equity of 2.74%. Brookfield Infrastructure Partners’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. As a group, equities research analysts expect that Brookfield Infrastructure Partners will post 3.45 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.72 annualized dividend and a dividend yield of 4.9%. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently 256.72%.

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.