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

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

BIP has been the subject of a number of analyst reports. Wall Street Zen lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Weiss Ratings raised Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $47.00 target price (up from $45.00) on shares of Brookfield Infrastructure Partners in a research note on Friday, July 31st. Morgan Stanley reissued an “overweight” rating and set a $50.00 price target on shares of Brookfield Infrastructure Partners in a report on Wednesday. Finally, BMO Capital Markets upped their price target on shares of Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BIP. Ninepoint Partners LP bought a new stake in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $2,452,000. Trust Co. of Vermont bought a new position in Brookfield Infrastructure Partners in the 2nd quarter worth approximately $36,000. Clearstead Trust LLC acquired a new stake in Brookfield Infrastructure Partners in the 2nd quarter valued at approximately $865,000. Allied Private Wealth LLC acquired a new stake in Brookfield Infrastructure Partners in the 2nd quarter valued at approximately $37,000. Finally, Herbst Group LLC increased its position in Brookfield Infrastructure Partners by 20.8% in the 2nd quarter. Herbst Group LLC now owns 71,740 shares of the utilities provider’s stock valued at $2,618,000 after acquiring an additional 12,370 shares during the period. Institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Down 0.6%

NYSE:BIP opened at $39.77 on Monday. 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 50 day moving average of $38.62 and a 200-day moving average of $37.84. The firm has a market capitalization of $18.31 billion, a PE ratio of 64.14 and a beta of 1.05. Brookfield Infrastructure Partners has a 52 week low of $29.63 and a 52 week high of $44.03.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Infrastructure Partners’s payout ratio is presently 293.55%.

About Brookfield Infrastructure Partners

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.