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

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) has been given an average rating of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $44.00.

A number of research firms have recently weighed in on BIP. TD Cowen reissued a “buy” rating on shares of Brookfield Infrastructure Partners in a research note on Friday, January 30th. Weiss Ratings downgraded shares of Brookfield Infrastructure Partners from a “hold (c+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. BMO Capital Markets reiterated an “outperform” rating and set a $44.00 price target on shares of Brookfield Infrastructure Partners in a report on Friday, January 30th. Royal Bank Of Canada increased their price target on shares of Brookfield Infrastructure Partners from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, Morgan Stanley raised their price target on shares of Brookfield Infrastructure Partners from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th.

Brookfield Infrastructure Partners Trading Down 1.9%

NYSE BIP opened at $38.89 on Wednesday. The firm has a market cap of $18.00 billion, a PE ratio of 58.92 and a beta of 1.03. Brookfield Infrastructure Partners has a 1-year low of $29.63 and a 1-year high of $40.32. The stock has a 50-day moving average of $36.81 and a 200-day moving average of $36.36. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.74.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.62. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $2.13 billion. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.During the same period last year, the company earned $0.82 EPS. As a group, sell-side analysts forecast that Brookfield Infrastructure Partners will post 3.59 EPS for the current year.

Brookfield Infrastructure Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, May 29th. Brookfield Infrastructure Partners’s dividend payout ratio is currently 275.76%.

Insider Activity

In other Brookfield Infrastructure Partners news, CFO David Tyler Krant bought 1,150 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $48.10 per share, with a total value of $55,315.00. Following the completion of the purchase, the chief financial officer directly owned 2,150 shares of the company’s stock, valued at $103,415. This trade represents a 115.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Grp LLC grew its position in shares of Brookfield Infrastructure Partners by 63.1% in the 1st quarter. Wellington Grp LLC now owns 15,867 shares of the utilities provider’s stock worth $573,000 after buying an additional 6,140 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Brookfield Infrastructure Partners by 1.4% during the first quarter. Bank of America Corp DE now owns 555,778 shares of the utilities provider’s stock valued at $20,075,000 after buying an additional 7,931 shares during the period. Sunbelt Securities Inc. bought a new position in shares of Brookfield Infrastructure Partners during the first quarter valued at approximately $69,000. Empire Financial Management Company LLC raised its holdings in shares of Brookfield Infrastructure Partners by 4.8% during the first quarter. Empire Financial Management Company LLC now owns 42,743 shares of the utilities provider’s stock valued at $1,544,000 after acquiring an additional 1,951 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Brookfield Infrastructure Partners by 55.0% in the first quarter. The Manufacturers Life Insurance Company now owns 2,761,387 shares of the utilities provider’s stock worth $99,572,000 after acquiring an additional 979,842 shares during the period. Hedge funds and other 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.