Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $43.71 Consensus Target Price from Brokerages

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $43.7143.

Several brokerages have recently issued reports on BIP. TD Securities reiterated a “buy” rating and set a $57.00 price objective (up from $55.00) on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Weiss Ratings downgraded Brookfield Infrastructure Partners from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 29th. Morgan Stanley upgraded Brookfield Infrastructure Partners from an “equal weight” rating to an “overweight” rating and set a $45.00 price objective for the company in a research report on Monday, March 23rd. Royal Bank Of Canada boosted their price objective on Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, Scotiabank reiterated an “outperform” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research report on Friday, January 16th.

Brookfield Infrastructure Partners Stock Performance

Shares of NYSE BIP opened at $37.14 on Friday. The company has a current ratio of 0.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $36.86 and a 200-day simple moving average of $35.96. The company has a market cap of $17.19 billion, a PE ratio of 56.27 and a beta of 1.03. Brookfield Infrastructure Partners has a 12-month low of $29.63 and a 12-month high of $40.32.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.62. The business had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $2.13 billion. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities research analysts forecast that Brookfield Infrastructure Partners will post 3.63 EPS for the current year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, May 29th. Brookfield Infrastructure Partners’s dividend payout ratio is 275.76%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Institutional investors have recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its position in Brookfield Infrastructure Partners by 225.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 675 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the fourth quarter worth approximately $42,000. Westfuller Advisors LLC acquired a new stake in Brookfield Infrastructure Partners in the third quarter worth approximately $44,000. Finally, Assetmark Inc. lifted its position in Brookfield Infrastructure Partners by 544.1% in the fourth quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 1,061 shares during the period. 57.92% of the stock is currently owned by institutional investors and hedge funds.

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.