Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $40.14 Average Price Target from Analysts

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $40.1429.

A number of research analysts have recently issued reports on BIP shares. National Bankshares set a $35.00 price objective on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research note on Friday, September 26th. Wall Street Zen lowered Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. Royal Bank Of Canada set a $40.00 price objective on Brookfield Infrastructure Partners and gave the company an “outperform” rating in a research report on Wednesday, August 27th. National Bank Financial upgraded shares of Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Brookfield Infrastructure Partners in a report on Wednesday, October 8th.

Brookfield Infrastructure Partners Trading Down 1.6%

BIP stock opened at $33.99 on Tuesday. The company has a market capitalization of $15.75 billion, a PE ratio of 679.94 and a beta of 1.16. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.88. Brookfield Infrastructure Partners has a one year low of $25.72 and a one year high of $36.50. The company’s 50 day moving average price is $31.73 and its two-hundred day moving average price is $31.61.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $1.95 billion. Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. Brookfield Infrastructure Partners’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. As a group, analysts predict that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, August 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 3,440.00%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Truist Financial Corp raised its holdings in shares of Brookfield Infrastructure Partners by 1.3% in the second quarter. Truist Financial Corp now owns 23,616 shares of the utilities provider’s stock worth $791,000 after buying an additional 314 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Brookfield Infrastructure Partners by 9.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,866 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 325 shares during the period. AdvisorNet Financial Inc lifted its position in shares of Brookfield Infrastructure Partners by 17.7% during the third quarter. AdvisorNet Financial Inc now owns 2,160 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 325 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Brookfield Infrastructure Partners by 0.9% during the second quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock valued at $1,494,000 after purchasing an additional 400 shares during the period. Finally, State of Wyoming boosted its stake in shares of Brookfield Infrastructure Partners by 12.6% during the second quarter. State of Wyoming now owns 3,649 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 407 shares during the period. Hedge funds and other institutional investors own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.