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

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has been given an average rating of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $42.1250.

BIP has been the subject of several recent research reports. TD Securities reaffirmed a “buy” rating and set a $57.00 target price (up from $55.00) on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Jefferies Financial Group set a $37.00 price objective on Brookfield Infrastructure Partners and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brookfield Infrastructure Partners in a research report on Monday, December 29th. BMO Capital Markets reissued an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Finally, Royal Bank Of Canada increased their price objective on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, January 30th.

Brookfield Infrastructure Partners Trading Up 0.3%

Brookfield Infrastructure Partners stock opened at $38.73 on Monday. Brookfield Infrastructure Partners has a 1 year low of $25.72 and a 1 year high of $39.85. The firm’s 50-day moving average is $35.39 and its 200-day moving average is $33.84. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.81 and a current ratio of 0.08. The company has a market cap of $17.86 billion, a P/E ratio of 43.03 and a beta of 1.12.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). Brookfield Infrastructure Partners had a net margin of 4.40% and a return on equity of 3.22%. The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company earned $0.78 EPS. Brookfield Infrastructure Partners’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts expect that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current year.

Brookfield Infrastructure Partners Increases Dividend

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

Institutional Trading of Brookfield Infrastructure Partners

Hedge funds have recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC acquired a new position in Brookfield Infrastructure Partners during the 4th quarter worth $26,000. Smartleaf Asset Management LLC raised its stake 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 in the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of Brookfield Infrastructure Partners during the fourth quarter valued at about $42,000. Westfuller Advisors LLC bought a new position in Brookfield Infrastructure Partners in the 3rd quarter valued at about $44,000. Finally, Assetmark Inc. increased its stake in Brookfield Infrastructure Partners by 544.1% during the 4th quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after buying an additional 1,061 shares during the period. 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.