Brookfield Infrastructure Partners LP (NYSE:BIP) Receives $45.33 Average Target Price from Brokerages

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $45.3333.

Several equities research analysts have commented on the stock. BMO Capital Markets raised their price target on shares of Brookfield Infrastructure Partners from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. National Bank Financial boosted their price objective on Brookfield Infrastructure Partners from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $47.00 price objective (up from $45.00) on shares of Brookfield Infrastructure Partners in a report on Friday, July 31st. Weiss Ratings upgraded Brookfield Infrastructure Partners from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Finally, Citigroup restated a “neutral” rating and issued a $41.00 target price (up from $37.00) on shares of Brookfield Infrastructure Partners in a research report on Monday, August 3rd.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of hedge funds and other institutional investors have recently modified their holdings of BIP. Acumen Wealth Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Brookfield Infrastructure Partners by 225.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 975 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 675 shares during the last quarter. Allied Private Wealth LLC acquired a new position in shares of Brookfield Infrastructure Partners in the 2nd quarter valued at $37,000. Hillsdale Investment Management Inc. purchased a new position in Brookfield Infrastructure Partners in the 4th quarter worth about $45,000. Finally, Global Assets Advisory LLC acquired a new stake in Brookfield Infrastructure Partners during the 1st quarter worth about $49,000. 57.92% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $37.19 on Friday. The firm has a fifty day moving average of $38.80 and a 200-day moving average of $37.95. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 59.98 and a beta of 1.03. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.84 and a current ratio of 0.89. Brookfield Infrastructure Partners has a 1 year low of $30.29 and a 1 year high of $44.03.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.73. The business had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Brookfield Infrastructure Partners had a net margin of 3.51% and a return on equity of 2.63%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS. As a group, equities analysts anticipate that Brookfield Infrastructure Partners will post 3.66 earnings per share for the current year.

Brookfield Infrastructure Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be paid a $0.455 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.82 annualized dividend and a dividend yield of 4.9%. Brookfield Infrastructure Partners’s dividend payout ratio is presently 293.55%.

About Brookfield Infrastructure Partners

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.