Analysts Set Brookfield Infrastructure Partners LP (NYSE:BIP) PT at $42.13

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $42.1250.

BIP has been the topic of several recent analyst reports. 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 report on Friday, January 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research note on Monday, December 29th. Morgan Stanley set a $45.00 price target on shares of Brookfield Infrastructure Partners in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada boosted their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, January 30th.

Brookfield Infrastructure Partners Stock Performance

Brookfield Infrastructure Partners stock opened at $36.64 on Friday. The stock has a fifty day moving average price of $37.02 and a 200 day moving average price of $35.05. Brookfield Infrastructure Partners has a 52 week low of $25.72 and a 52 week high of $40.32. The firm has a market capitalization of $16.90 billion, a P/E ratio of 40.71 and a beta of 1.10. The company has a current ratio of 0.08, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Thursday, January 29th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). The business had revenue of $6.30 billion during the quarter, compared to analyst estimates of $1.98 billion. Brookfield Infrastructure Partners had a return on equity of 3.22% and a net margin of 4.40%.The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. Equities research analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a $0.455 dividend. The ex-dividend date is Friday, February 27th. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. This represents a $1.82 dividend on an annualized basis and a yield of 5.0%. Brookfield Infrastructure Partners’s payout ratio is 202.22%.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in BIP. Rockefeller Capital Management L.P. raised its holdings in shares of Brookfield Infrastructure Partners by 1.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 165,425 shares of the utilities provider’s stock worth $5,747,000 after purchasing an additional 1,764 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Brookfield Infrastructure Partners by 25.5% during the 4th quarter. Corient Private Wealth LLC now owns 31,889 shares of the utilities provider’s stock worth $1,108,000 after purchasing an additional 6,484 shares during the period. MidFirst Bank purchased a new stake in shares of Brookfield Infrastructure Partners during the 4th quarter worth about $339,000. Rare Wolf Capital LLC acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter worth approximately $327,000. Finally, Mercer Global Advisors Inc. ADV increased its position in Brookfield Infrastructure Partners by 8.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,827 shares of the utilities provider’s stock worth $793,000 after purchasing an additional 1,746 shares in the last quarter. 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.