Brookfield Infrastructure Partners LP (NYSE:BIP) Receives Average Rating of “Moderate Buy” from Brokerages

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $41.6250.

BIP has been the subject of a number of recent analyst reports. National Bank Financial upgraded Brookfield Infrastructure Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 25th. Wall Street Zen upgraded Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, December 29th. Scotiabank reissued an “outperform” rating and set a $44.00 price objective on shares of Brookfield Infrastructure Partners in a research note on Friday, January 16th. Finally, Jefferies Financial Group set a $37.00 price objective on shares of Brookfield Infrastructure Partners and gave the company a “hold” rating in a report on Wednesday, October 29th.

Institutional Trading of Brookfield Infrastructure Partners

Several hedge funds have recently added to or reduced their stakes in BIP. Principal Financial Group Inc. boosted its position in shares of Brookfield Infrastructure Partners by 10.1% during the third quarter. Principal Financial Group Inc. now owns 31,975,602 shares of the utilities provider’s stock worth $1,051,678,000 after buying an additional 2,933,287 shares during the period. Picton Mahoney Asset Management acquired a new stake in Brookfield Infrastructure Partners in the 2nd quarter valued at approximately $46,203,000. Intact Investment Management Inc. lifted its stake in Brookfield Infrastructure Partners by 72.9% in the 3rd quarter. Intact Investment Management Inc. now owns 2,365,634 shares of the utilities provider’s stock valued at $77,962,000 after acquiring an additional 997,680 shares in the last quarter. Bank of Montreal Can boosted its position in Brookfield Infrastructure Partners by 3.4% during the 3rd quarter. Bank of Montreal Can now owns 28,289,627 shares of the utilities provider’s stock worth $930,446,000 after acquiring an additional 926,167 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. boosted its position in Brookfield Infrastructure Partners by 46.7% during the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 2,503,764 shares of the utilities provider’s stock worth $83,739,000 after acquiring an additional 797,429 shares during the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.

Brookfield Infrastructure Partners Price Performance

Shares of BIP stock opened at $34.47 on Thursday. The firm’s 50 day moving average price is $34.95 and its two-hundred day moving average price is $33.29. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.81 and a current ratio of 0.85. Brookfield Infrastructure Partners has a 52-week low of $25.72 and a 52-week high of $36.58. The stock has a market cap of $15.90 billion, a PE ratio of 51.45 and a beta of 1.10.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Friday, November 7th. The utilities provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.42). Brookfield Infrastructure Partners had a net margin of 3.70% and a return on equity of 2.74%. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue was up 13.4% on a year-over-year basis. As a group, analysts forecast that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.72 annualized dividend and a dividend yield of 5.0%. Brookfield Infrastructure Partners’s payout ratio is 256.72%.

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.