Brookfield Infrastructure Partners (NYSE:BIP) Reaches New 1-Year High – Time to Buy?

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $41.70 and last traded at $41.3850, with a volume of 791609 shares traded. The stock had previously closed at $40.41.

Analysts Set New Price Targets

BIP has been the topic of a number of analyst reports. Weiss Ratings cut shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Morgan Stanley reiterated an “overweight” rating and issued a $48.00 target price on shares of Brookfield Infrastructure Partners in a research note on Tuesday, July 21st. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $45.00 price target (up from $44.00) on shares of Brookfield Infrastructure Partners in a report on Tuesday, May 26th. National Bank Financial raised their price target 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. Finally, Wall Street Zen cut shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.88.

Brookfield Infrastructure Partners Trading Down 0.8%

The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.64 and a current ratio of 0.68. The firm has a market capitalization of $19.57 billion, a price-to-earnings ratio of 64.05 and a beta of 1.06. The company has a 50 day moving average price of $38.44 and a two-hundred day moving average price of $37.42.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.73. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.The firm had revenue of $6.48 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the firm posted $0.81 EPS. The business’s revenue was up 19.4% on a year-over-year basis. On average, research analysts forecast that Brookfield Infrastructure Partners LP will post 3.63 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of Brookfield Infrastructure Partners

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Acumen Wealth Advisors LLC purchased a new position in Brookfield Infrastructure Partners in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC increased its stake in Brookfield Infrastructure Partners by 225.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock worth $34,000 after buying an additional 675 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of Brookfield Infrastructure Partners during the second quarter valued at approximately $37,000. Laurel Wealth Advisors LLC acquired a new position in shares of Brookfield Infrastructure Partners during the fourth quarter valued at approximately $42,000. Finally, Assetmark Inc. lifted its position in shares of Brookfield Infrastructure Partners by 544.1% in the fourth quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 1,061 shares in the last quarter. Hedge funds and other 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.