Brokerages Set Brookfield Infrastructure Partners LP (NYSE:BIP) PT at $45.11

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $45.3333.

Several research firms recently issued reports on BIP. Morgan Stanley reissued an “overweight” rating and issued a $50.00 target price on shares of Brookfield Infrastructure Partners in a research report on Wednesday. Wall Street Zen lowered shares of Brookfield Infrastructure Partners from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Weiss Ratings raised shares of Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. National Bank Financial increased their price target on shares of Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Citigroup reiterated a “neutral” rating and issued a $41.00 price target (up from $37.00) on shares of Brookfield Infrastructure Partners in a report on Monday, August 3rd.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of institutional investors have recently added to or reduced their stakes in the company. Clear Trail Advisors LLC lifted its position in shares of Brookfield Infrastructure Partners by 5.0% during the first quarter. Clear Trail Advisors LLC now owns 7,344 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 350 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Brookfield Infrastructure Partners by 0.9% in 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. NewEdge Advisors LLC grew its holdings in Brookfield Infrastructure Partners by 4.8% during the 4th quarter. NewEdge Advisors LLC now owns 8,758 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 400 shares in the last quarter. Empire Financial Management Company LLC grew its holdings in Brookfield Infrastructure Partners by 1.0% during the 4th quarter. Empire Financial Management Company LLC now owns 40,792 shares of the utilities provider’s stock valued at $1,417,000 after purchasing an additional 403 shares in the last quarter. Finally, State of Wyoming increased its stake in Brookfield Infrastructure Partners by 12.6% during the 2nd quarter. State of Wyoming now owns 3,649 shares of the utilities provider’s stock worth $122,000 after buying an additional 407 shares during the period. Hedge funds and other institutional investors own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Stock Performance

NYSE BIP opened at $39.77 on Monday. The business’s 50-day moving average price is $38.62 and its 200 day moving average price is $37.86. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 1.83. Brookfield Infrastructure Partners has a twelve month low of $29.63 and a twelve month high of $44.03. The company has a market capitalization of $18.31 billion, a PE ratio of 64.14 and a beta of 1.05.

Brookfield Infrastructure Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is 293.55%.

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.