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

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Two 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 objective among analysts that have updated their coverage on the stock in the last year is $44.6250.

BIP has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $45.00 price objective (up from $44.00) on shares of Brookfield Infrastructure Partners in a research report on Tuesday, May 26th. Morgan Stanley boosted 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. 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. Finally, National Bank Financial boosted 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, June 1st.

Brookfield Infrastructure Partners Price Performance

Shares of NYSE BIP opened at $36.61 on Friday. Brookfield Infrastructure Partners has a twelve month low of $29.63 and a twelve month high of $40.32. The firm has a market cap of $16.95 billion, a P/E ratio of 55.47 and a beta of 1.05. The company has a 50 day moving average of $37.66 and a 200 day moving average of $36.76. 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 quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.62. The company had revenue of $6.30 billion during the quarter, compared to analyst estimates of $2.13 billion. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. During the same period in the previous year, the business earned $0.82 EPS. As a group, research analysts expect that Brookfield Infrastructure Partners will post 3.59 EPS for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.82 annualized dividend and a yield of 5.0%. Brookfield Infrastructure Partners’s dividend payout ratio is currently 275.76%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BIP. State of Wisconsin Investment Board boosted its holdings in Brookfield Infrastructure Partners by 212.4% in the 4th quarter. State of Wisconsin Investment Board now owns 2,592,339 shares of the utilities provider’s stock worth $90,058,000 after buying an additional 1,762,436 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Brookfield Infrastructure Partners by 68.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,243,218 shares of the utilities provider’s stock worth $112,669,000 after buying an additional 1,317,669 shares during the period. Morgan Stanley boosted its holdings in Brookfield Infrastructure Partners by 61.4% in the 4th quarter. Morgan Stanley now owns 3,343,528 shares of the utilities provider’s stock worth $116,154,000 after buying an additional 1,271,823 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in 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 worth $99,572,000 after buying an additional 979,842 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Brookfield Infrastructure Partners by 3.4% in the 3rd quarter. Bank of Montreal Can now owns 28,289,627 shares of the utilities provider’s stock worth $930,446,000 after buying an additional 926,167 shares during the period. Institutional investors own 57.92% of the company’s stock.

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.