Brookfield Infrastructure Partners (NYSE:BIP) Sets New 1-Year High – Here’s Why

Shares of Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) hit a new 52-week high during trading on Wednesday . The stock traded as high as $39.07 and last traded at $38.90, with a volume of 1053894 shares trading hands. The stock had previously closed at $38.38.

Wall Street Analyst Weigh In

BIP has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Jefferies Financial Group set a $37.00 price target on shares of Brookfield Infrastructure Partners and gave the stock a “hold” rating in a research report on Wednesday, October 29th. National Bankshares lifted their price objective on Brookfield Infrastructure Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Royal Bank Of Canada lifted their target price 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. Finally, Wall Street Zen raised Brookfield Infrastructure Partners from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Brookfield Infrastructure Partners has a consensus rating of “Moderate Buy” and a consensus target price of $42.13.

Brookfield Infrastructure Partners Trading Up 1.4%

The company has a quick ratio of 0.81, a current ratio of 0.08 and a debt-to-equity ratio of 1.68. The company has a market cap of $17.94 billion, a P/E ratio of 43.22 and a beta of 1.12. The business has a 50-day moving average price of $35.22 and a two-hundred day moving average price of $33.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). The firm 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%.Brookfield Infrastructure Partners’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. On average, analysts predict that Brookfield Infrastructure Partners LP will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a $0.455 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.82 annualized dividend and a dividend yield of 4.7%. This is an increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43. Brookfield Infrastructure Partners’s dividend payout ratio is 191.11%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners during the fourth quarter worth $42,000. Assetmark Inc. grew its holdings in shares of Brookfield Infrastructure Partners by 544.1% in the 4th 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. Hillsdale Investment Management Inc. bought a new position in Brookfield Infrastructure Partners in the fourth quarter valued at approximately $45,000. Westfuller Advisors LLC bought a new position in shares of Brookfield Infrastructure Partners in the third quarter valued at $44,000. Finally, Sound Income Strategies LLC grew its position in shares of Brookfield Infrastructure Partners by 45.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 436 shares during the period. Institutional investors own 57.92% of the company’s stock.

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.