Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $44.00 Average Price Target from Analysts

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $44.6250.

BIP has been the topic of a number of recent analyst reports. National Bank Financial increased their price objective on shares of Brookfield Infrastructure Partners from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings downgraded shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Morgan Stanley increased their price objective on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a research report on Tuesday, May 26th.

Insider Activity at Brookfield Infrastructure Partners

In other news, CFO David Tyler Krant acquired 1,150 shares of the company’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $48.10 per share, with a total value of $55,315.00. Following the transaction, the chief financial officer owned 2,150 shares in the company, valued at approximately $103,415. This trade represents a 115.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of large investors have recently modified their holdings of the company. Wellington Grp LLC increased its position in shares of Brookfield Infrastructure Partners by 63.1% in the 1st quarter. Wellington Grp LLC now owns 15,867 shares of the utilities provider’s stock valued at $573,000 after purchasing an additional 6,140 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Brookfield Infrastructure Partners by 1.4% in the 1st quarter. Bank of America Corp DE now owns 555,778 shares of the utilities provider’s stock valued at $20,075,000 after buying an additional 7,931 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Brookfield Infrastructure Partners in the 1st quarter valued at $69,000. Empire Financial Management Company LLC boosted its holdings in shares of Brookfield Infrastructure Partners by 4.8% in the 1st quarter. Empire Financial Management Company LLC now owns 42,743 shares of the utilities provider’s stock valued at $1,544,000 after buying an additional 1,951 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted 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 buying an additional 979,842 shares in the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

Brookfield Infrastructure Partners Price Performance

Shares of BIP opened at $38.79 on Wednesday. Brookfield Infrastructure Partners has a fifty-two week low of $29.63 and a fifty-two week high of $40.32. The firm’s 50 day moving average price is $37.00 and its 200 day moving average price is $36.47. The company has a market cap of $17.96 billion, a P/E ratio of 58.78 and a beta of 1.05. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.74.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.62. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. The firm had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm earned $0.82 EPS. On average, research analysts forecast that Brookfield Infrastructure Partners will post 3.59 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.7%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 275.76%.

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.